Rio Hondo, TX is a small town located in the southern part of the state. It covers an area of 1.2 square miles and has a population of approximately 3,000 people. The median rent for a two bedroom apartment in Rio Hondo is $840 per month, which is significantly lower than the U.S average of $1430. The Grocery Cost Index in Rio Hondo is 91, indicating that groceries are likely to be cheaper than in other places around the country as well.
The local economy of Rio Hondo relies heavily on oil and gas production, manufacturing, agriculture, and retail businesses such as family-owned stores and convenience stores. Many employers are established companies like Big Oaks Country Store, Texas Coastal Storage Solutions LLC., Bailey's Hardware & Furniture Inc., Oilfield Services & Repair LLC., D&D Towing Service LLC., and RIO Hondo Air Conditioning & Plumbing Co..
The primary language spoken in Rio Hondo is Spanish with English being its secondary language; however English is the predominant language used in day-to-day communication among locals. Culturally speaking, based on its location within Texas it follows the traditional American way while drawing influence from Mexican culture with regards to food traditions such as chili con carne or tacos al pastor.
Rio Hondo (zip 78583) has an unemployment rate of 10.0%. The US average is 6.0%.
Rio Hondo (zip 78583) 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 27.7%, which is lower than the US average of 33.5%.
Tax Rates for Rio Hondo (zip 78583)
- The Sales Tax Rate for Rio Hondo (zip 78583) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Rio Hondo (zip 78583) 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 Rio Hondo (zip 78583)
- The average income of a Rio Hondo (zip 78583) resident is $21,387 a year. The US average is $37,638 a year.
- The Median household income of a Rio Hondo (zip 78583) resident is $44,023 a year. The US average is $69,021 a year.