Cost Of Living in Hico, TX

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15%

Overall NAT. AVG.

2%

Groceries NAT. AVG.

44%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Hico	Texas	National
Cost of living	85	94	100
Groceries	98	98	100
Health care	98	98	100
Housing	56	83	100
Transportation	96	98	100
Utilities	100	103	100
Lifestyle & Entertainment	95	98	100
Household Items	100	98	100
Education & Childcare	94	98	100

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Homes For Sale In Hico, TX

24183 S US Highway 281

Hico, TX

TBD Chestnut St

Hico, TX

40248 FM 2481

Hico, TX

1TBD County Road 214

, TX

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Cost Of Living Quick Facts

The cost of living in Hico is 10% lower than the Texas average
The cost of living in Hico is 15% lower than the national average
Hico housing is 44% lower than the national average
Texas general sales tax is 22% higher than the national average
Texas state income tax is 100% lower than the national average

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$45,110	$3,759	$1,052	$1,353
Renters	$27,811	$2,318	$649	$834

Texas Sales Tax

State	General Sales Tax	With Max Surtax
Texas	6.25%	8.25%

Texas Income Tax

State	Income Tax (Low)	Income Tax (High)
Texas	0%	0%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Cranfills Gap, TX	297	82	18.2%
Iredell, TX	407	82	17.7%
Hico, TX	1,842	85	15.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Sugar City, ID	1,842	106	6.0%
Old Brookville, NY	1,842	300	200.2%
Kingston, OK	1,842	85	15.4%
Inukjuak, QC	1,842	n/a
Keenesburg, CO	1,841	116	15.8%
Hico, TX	1,842	85	15.3%

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

Cost of Living in Hico, TX

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Cost Of Living Quick Facts

Most Affordable Places to Live in and Around Hico

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Median Income & Debt-To-Income Ratio

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Nearby cities with low cost of living

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