Milano, Texas is a small town in the 76556 zip code area that offers residents an affordable cost of living. The average rent for a two bedroom apartment in Milano is $960, which is significantly less than the national average of $1,430 per month. In addition to lower housing costs, the Grocery Cost Index in Milano is 90 compared to the US average of 100. This means groceries are even more affordable in Milano than they are nationwide.
Residents can find local shops like Piggly Wiggly and Nueces Food Mart to buy their groceries at reasonable prices or venture into larger cities nearby like Temple and Cameron for more variety. There are also several restaurants like Papa's Pizza and La Paloma Mexican Restaurant for dining out options. All of these reasonably priced amenities make Milano a great place to call home.
Milano (zip 76556) has an unemployment rate of 7.6%. The US average is 6.0%.
Milano (zip 76556) has seen the job market decrease by -2.3% over the last year. Future job growth over the next ten years is predicted to be 19.3%, which is lower than the US average of 33.5%.
Tax Rates for Milano (zip 76556)
- The Sales Tax Rate for Milano (zip 76556) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Milano (zip 76556) 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 Milano (zip 76556)
- The average income of a Milano (zip 76556) resident is $33,275 a year. The US average is $37,638 a year.
- The Median household income of a Milano (zip 76556) resident is $62,778 a year. The US average is $69,021 a year.