Hico: Economy & Jobs
Hico's typical household earns $67,500 (1.2× higher than Hamilton County median $58,219; 1.2× below Texas median $78,476), with homes at a median value of $176,700. The surrounding county supports 18,590 jobs (avg $47,473).
- $72,192 avg taxable income per return — similar than the median household income (vs Texas $91,104).
Income & Affordability
Median household income $67,500 — near the Texas median ($70,518). Poverty rate 11.5% (U.S. average ~12.5%).
| Affordability · Price To Income Ratio | 2.6× |
|---|---|
| Affordability · Rent To Income Pct | 13.6% |
| Affordability · Affordable | Yes |
| Affordability · Interpretation | very affordable |
| Irs Income · IRS tax returns filed | $17,530 |
| Irs Income · Total Adjusted Gross Income (thousands) | $1,265,531 |
| Irs Income · Average AGI per return | $72,192 (vs Texas $91,104) |
| Irs Income · Year | 2022 |
| Income Estimate | $59,539 |
| Median Household Income | $67,500 (vs Texas $70,518) |
| Poverty Rate | 11.5% |
Sources: IRS SOI 2022 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Economic Character
Qualitative classification derived from Census occupation, industry, and income data — workforce composition (white-collar/blue-collar), top employing sector, and income tier.
| Economic Character · Workforce | white_collar |
|---|---|
| Economic Character · Top Industry | Education Healthcare |
| Economic Character · Income Level | middle-class |
| Economic Character · Median Income | $67,500 |
Employment & Workforce
Employment + workforce stats. The county-level employment count covers all jobs within the county, not just town residents. Unemployment rate 1.5% — below the U.S. average of ~4%. 8% work from home (U.S. average ~15%).
| Commuter Profile · Mean Commute Min | 20.60 |
|---|---|
| Commuter Profile · Work From Home Pct | 7.6% |
| Commuter Profile · Profile | short commute |
| Employment · Avg annual employment (county) | 18,590 |
| Employment · Total annual wages (county) | $882,510,132 |
| Employment · Average annual pay | $47,473 |
| Employment · Year | 2024 |
| State Occupation Wages · Year | 2023 |
| State Occupation Wages · All Occupations · Soc Code | 00-0000 |
| State Occupation Wages · All Occupations · Title | All Occupations |
| State Occupation Wages · All Occupations · Employment | 13,557,950 |
| Unemployment Rate | 1.5% (vs Texas 3.4%) |
Sources: BLS QCEW 2023 · BLS Occupational Employment and Wage Statistics (OES) · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Industry Sectors
Major industries by establishment count from Census County Business Patterns (2022). Sectors are NAICS-coded; counts are county-wide employer establishments.
| Agriculture · Total Farms | 673 |
|---|---|
| Agriculture · Land In Farms Acres | 85,844 |
| Agriculture · Avg Farm Size Acres | 127.60 |
| Agriculture · Top Commodities | Animal Totals, Milk, Cattle, Crop Totals, Horticulture Totals |
| Agriculture · Year | 2022 |
| Business Patterns · Establishments (employer count) | 1,075 |
| Business Patterns · Total Employees | 12,677 |
| Business Patterns · Annual Payroll Thousands | 562,399 |
| Business Patterns · Year | 2022 |
Sources: USDA NASS Census 2022 — county FIPS matched · Census CBP API — county FIPS match
Local Business Mix
Retail and service businesses by category (Census CBP NAICS-coded). Counts cover the surrounding county, not just the town. Reflects the everyday commercial mix residents can access.
| Local Businesses · Grocery Stores | 5 |
|---|---|
| Local Businesses · Convenience Stores | 3 |
| Local Businesses · Gas Stations | 19 |
| Local Businesses · General Merchandise | 10 |
| Local Businesses · Clothing Stores | 9 |
| Local Businesses · New Car Dealers | 5 |
| Local Businesses · Used Car Dealers | 3 |
| Local Businesses · Florists | 4 |
Sources: Census CBP — NAICS detail codes
Dining Scene
Eating + drinking establishments by NAICS category (Census CBP 2022) — full-service restaurants, fast-food, bars, coffee shops. County-level counts.
| Dining Scene · Full Service Restaurants | 34 |
|---|---|
| Dining Scene · Fast Food | 38 |
| Dining Scene · Bars | 5 |
| Dining Scene · Coffee Snacks | 15 |
Sources: Census CBP NAICS 722
Banking
FDIC-insured bank branches with addresses. Branch density correlates with population — fewer branches per resident in lower-density areas.
Branches (2)
SNAP & Food Access
USDA-authorized SNAP retailers — supermarkets, super stores, convenience stores, and other locations where SNAP benefits can be redeemed. Per-1K density tracks food access.
Sample (5)
| Nearest Snap · Name | DOLLAR GENERAL 7992 |
|---|---|
| Nearest Snap · Total In Area | 6 |
Chamber of Commerce
IRS-registered chamber of commerce organizations matched to this town. Reflects the IRS Exempt Organizations BMF; some chambers operate informally and may not appear here.
| Chamber Of Commerce · Name | CHAMBER OF COMMERCE OF HICO TEXAS |
|---|
Sources: IRS EO BMF · Refreshed 2026-04-12
Spending & Tax
Federal spending flowing to the surrounding county — direct payments, grants, contracts, loans (USAspending.gov).
| Federal Spending · Federal Spending Fy2024 | $224,640,855 |
|---|---|
| Federal Spending · Per Capita | 5,280.08 (vs Texas $5,671) |
| Federal Spending · Population | 42,545 people (vs Texas 143,570) |
Sources: USAspending API
Other
| Job Training · Total count | 1 |
|---|---|
| Pct Drove Alone | 82.3% |
| Pct Public Transit | 0.2% |
| Pct Walked | 7.6% |
| Retirement Score · Median age | 35.6 years (vs Texas 34.5y) |
| Retirement Score · Ss Household Pct | 42.0% |
| Retirement Score · Hospitals Nearby | 1 |
| Retirement Score · Va Access | Yes |
| Retirement Score · Affordable | Yes |
| Retirement Score · Factors | strong SS base, hospital access, VA nearby, affordable |
| Retirement Score · Rating | excellent |
Sources: IRS BMF keyword search · Census ACS 5-Year 2023 · Refreshed 2026-04-12