Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Good air quality as well as nearby health facilities like hospitals, clinics, nursing homes, fire and police stations all contribute to a higher than average health and safety score.
Based on recent surveys and polls, locals gave high marks in the walkability to local amenities, safety, public transit, friendliness of neighbors and overall sense of community in the area.
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
In the employment category, a low score could be attributed to low income levels and high unemployment in the area, suggesting potential difficulties in finding lucrative employment.
Located in the state of Texas, Rio Hondo is a small-sized city with a population of 2,644 residents. The majority of Rio Hondo residents report their race to be White; this is followed by Black and Asian. Additionally, more than a quarter of the population of Rio Hondo are of Hispanic or Latino origin, and 63% of the population also speak Spanish. If you are not a fan of long commutes, you will enjoy living in Rio Hondo. With an average one way commute time of only 20 minutes, getting to and from work is a breeze compared to the national average of 26 minutes.
Are you trying to decide if living in Rio Hondo is the right fit for your lifestyle? To ensure a great experience before relocating to any new city in Texas, you will probably want to make sure that you check all of the most important boxes. Several key factors deserve attention. For one, safety is paramount, ensuring that your new area is low in crime is key. Proximity to workplaces or schools minimizes commute times and fosters convenience. Access to essential amenities like parks, grocery stores, food, fitness, shops and healthcare facilities enhances daily life. Efficient public transportation options provide mobility and connectivity. The sense of community creates a welcoming and supportive environment. Lastly, the overall atmosphere, encompassing the vibe, aesthetics, and lifestyle offerings, contributes to a fulfilling living experience. Considering these elements helps identify the ideal neighborhood for your needs and preferences. Using the livability score which includes data from categories like cost of living, health & safety, education, housing, you can easily compare the best places to live in Rio Hondo and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Rio Hondo to Texas and the national average.
Rio Hondo, TX receives 72 out of 100 for its livability score; this results in a ranking of #224 in Texas and #5,131 in the USA. Based on the scores for each individual category, Rio Hondo has been rewarded with high marks for crime (B) and housing (A+). On a less positive note, Rio Hondo does not have favorable scores for the following: amenities (F), education (D-) and employment (D-). If we take a look at the data, we can find out why.
Striving for a cost-effective lifestyle becomes increasingly essential, especially in light of the ongoing upward trajectory of everyday goods and services. In Rio Hondo, residents enjoy the privilege of a cost of living that is 31.3% below the national average. This favorable positioning extends its influence across a broad spectrum of expenses, encompassing not only goods and services but also housing costs, groceries and healthcare costs. Consequently, this locale emerges as a hub where your financial resources go further, allowing you to maintain an economical and sustainable way of life. This affordability becomes increasingly significant in an era marked by escalating expenses, rendering Rio Hondo an appealing destination for those in pursuit of financial prudence without sacrificing their quality of life.
Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In Rio Hondo, the unemployment rate stands at 0.52%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.
Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Rio Hondo market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.
Certain items on your wish list like shopping, restaurants, nightlife, parks and proximity to public transportation are all important things to look for. Having said that, perhaps the most important metric to consider when contemplating a move to Rio Hondo is real estate affordability. Median real estate prices in Rio Hondo come in at $81,100, which is 43.2% lower than the Texas average. The home price to income ratio compares the median home prices to the median household income. In Rio Hondo, the home price to income ratio is 2.2, which is 15.4% lower than the Texas average.
Statistic | Rio Hondo | Texas | National |
Average one way commute | 20min | 26min | 26min |
Workers who drive to work | 92.9% | 80.3% | 76.4% |
Workers who carpool | 2.7% | 10.6% | 9.3% |
Workers who take public transit | 0.0% | 1.5% | 5.1% |
Workers who bicycle | 0.0% | 0.3% | 0.6% |
Workers who walk | 2.5% | 1.6% | 2.8% |
Working from home | 1.4% | 4.3% | 4.6% |