78557 Hidalgo, TX is a great area to live in due to its low cost of living. The average 2 Bedroom rental rate in 78557 Hidalgo is $850 which is much lower than the US average of $1,430. Additionally, grocery costs in Hidalgo are significantly lower with an index score of 91 versus 100 in the US. This makes it easier for local residents to afford their daily needs. There are many local businesses that make this area special such as El Ranchero Supermarket, Ruben's Mexican Restaurant, and Mi Tiendita Grocery Store. All these businesses contribute to Hidalgo’s diverse culture and vibrant economy. Despite its low cost of living compared to the rest of the United States, 78557 Hidalgo still offers a wide range of amenities and attractions that make it an ideal place to live.
Hidalgo (zip 78557) has an unemployment rate of 11.2%. The US average is 6.0%.
Hidalgo (zip 78557) has seen the job market decrease by -3.6% over the last year. Future job growth over the next ten years is predicted to be 32.2%, which is lower than the US average of 33.5%.
Tax Rates for Hidalgo (zip 78557)
- The Sales Tax Rate for Hidalgo (zip 78557) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Hidalgo (zip 78557) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hidalgo (zip 78557)
- The average income of a Hidalgo (zip 78557) resident is $15,737 a year. The US average is $37,638 a year.
- The Median household income of a Hidalgo (zip 78557) resident is $39,504 a year. The US average is $69,021 a year.