Living in Hico, Texas
Cost of living, income, home prices, rent and demographics of Hico · Census data 2020–2024
Hico has 1,771 residents with a median age of 35.6. The median household income is $67,500 (14% lower than the Texas median), the median home value is $176,700, the median rent is $767/month.
Hico at a glance
- Population
- 1,771
- Median age
- 35.6State: 35.6
- Median household income
- $67,500State: $78,476
- Median home value
- $176,700State: $283,800
- Median rent
- $767/moState: $1,403
- Homeowners
- 76.9%
- Bachelor's degree or higher
- 23.9%
- Average commute
- 21 min
Is Hico a good place to live?
Pros: Home values 38% lower than the state median; an average commute of 21 minutes; unemployment of 2.6%; a poverty rate of 11.5%.
Cons: Median household income 14% lower than the Texas median.
The weather is best in March to May and October.
Cost of living in Hico
Housing is the biggest part of the cost of living. In Hico the median home value is $176,700, 47% lower than the U.S. median. Renters pay a median of $767 per month, which is 33% of household income. Homeowners with a mortgage pay $1,700 a month in housing costs.
Hico median household income
The median household income in Hico is $67,500 and the income per person is $25,798. 11.5% of residents live below the poverty line (Texas: 13.8%).
Housing in Hico: homes for sale and rent
- Housing units
- 741
- Owner-occupied
- 76.9%
- Renter-occupied
- 23.1%
- Vacant
- 15.2%Includes seasonal homes
- Median year built
- 1969
- Average household size
- 2.73
Hico demographics
- Population
- 1,771
- Median age
- 35.6
- Under 18
- 33%
- 65 and older
- 19.1%
- Households
- 628
- Foreign-born
- 4.9%
- Veterans
- 4.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Hico ›
Education in Hico
23.9% of adults 25 and older in Hico have a bachelor's degree or higher (Texas: 33.8%), and 6.1% have a graduate or professional degree.
Jobs and commute in Hico
- Unemployment rate
- 2.6%State: 5.3%
- Average commute
- 21 minState: 27 min
- Work from home
- 7.6%
- Drive alone
- 82.3%
- Public transit
- 0%
- Walk to work
- 0.2%
- Homes with broadband
- 73.6%
Hico vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hico | 1,771 | $67,500 | $176,700 | $767 |
| Iredell | 294 | $54,250 | $68,600 | $1,214 |
| Walnut Springs | 787 | $31,667 | $81,700 | $1,038 |
| Cranfills Gap | 305 | $60,833 | $102,100 | $900 |
| Stephenville | 21,682 | $53,015 | $241,300 | $1,134 |
| Dublin | 3,419 | $53,030 | $149,300 | $833 |
| Hamilton | 2,934 | $43,780 | $102,100 | $888 |
| Meridian | 1,638 | $65,625 | $116,700 | $738 |
| Gustine | 449 | $52,292 | $86,900 | $1,031 |
More for people moving to Hico
Hico ZIP code ›Weather and climate ›Living in Hico: FAQ
What is the median household income in Hico, TX?
The median household income in Hico is $67,500, 14% lower than the Texas median of $78,476 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Hico?
The median home value in Hico is $176,700, compared with $283,800 in Texas.
How much is rent in Hico?
The median gross rent in Hico is $767 per month, about 33% of household income.
Is Hico, TX a good place to live?
Pluses: home values 38% lower than the state median; an average commute of 21 minutes; unemployment of 2.6%; a poverty rate of 11.5%. Minuses: median household income 14% lower than the Texas median.
What is the median age in Hico?
The median age in Hico is 35.6 years (Texas: 35.6).
How long is the commute in Hico?
The average commute to work in Hico is 21 minutes; 7.6% of workers work from home.
What is the unemployment rate in Hico?
The unemployment rate in Hico is 2.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hico?
23.9% of adults in Hico have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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