78861 Hondo, TX is a small but lively town situated in Medina County. With an estimated population of 4,862 people, it has a relatively low rent cost for two bedroom homes at $940 compared to the US average of $1,430. Furthermore, the Grocery Cost Index for 78861 Hondo, TX stands at 89 as opposed to 100 in the US.
Regardless of the lower costs, 78861 Hondo, TX is home to many thriving businesses and startups. For example, K&H Machine Products offers metal fabrication services while Cervantez Food Mart specializes in delicious Mexican food. Martin Heating & Air Conditioning provides top-notch HVAC services to its customers and the Don Strange Ranch gives visitors an opportunity to experience everything that Texas Hill Country has to offer. Whatever your needs, you can be sure that 78861 Hondo has something for everyone!
Hondo (zip 78861) has an unemployment rate of 6.2%. The US average is 6.0%.
Hondo (zip 78861) has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 37.7%, which is higher than the US average of 33.5%.
Tax Rates for Hondo (zip 78861)
- The Sales Tax Rate for Hondo (zip 78861) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Hondo (zip 78861) 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 Hondo (zip 78861)
- The average income of a Hondo (zip 78861) resident is $23,132 a year. The US average is $37,638 a year.
- The Median household income of a Hondo (zip 78861) resident is $54,852 a year. The US average is $69,021 a year.