Encino, TX is a small town located in the Rio Grande Valley. It is known for its friendly atmosphere and affordable living costs. The average 2 bedroom rent in Encino is $720 – significantly lower than the US average of $1,430. Additionally, the cost of groceries in Encino is 89 compared to 100 nationwide, making it a great place to save money on basic necessities.
The local economy around Encino is largely agricultural-based, with cotton being one of the major crops grown in the area. There are also several small businesses that operate within Encino and its surrounding areas such as Rodriguez Fencing, La Joya Greenhouse & Nursery, and McAllen Tractor Company. These local companies provide job opportunities and play an important role in driving the economic growth of this small town.
Encino has an unemployment rate of 11.0%. The US average is 6.0%.
Encino has seen the job market decrease by -6.5% over the last year. Future job growth over the next ten years is predicted to be 16.7%, which is lower than the US average of 33.5%.
Tax Rates for Encino
- The Sales Tax Rate for Encino is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Encino is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing ºÚÁÏÉçÇø.
Income and Salaries for Encino
- The average income of a Encino resident is $7,103 a year. The US average is $37,638 a year.
- The Median household income of a Encino resident is $0 a year. The US average is $69,021 a year.