Hico, TX
Population 1,806 · Texas
About Hico, TX
Hico is a small town located in Texas with a population of 1,806 residents according to the latest US Census Bureau American Community Survey data. The median household income is $52,250 per year, which is 30% below the national median of $75,149. The median age of 36.6 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Hico features a median home value of $122,600, which is 50% below the national median of $244,900. This makes Hico one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $725, 38% below the national average of $1,163/month. Of the 738 total housing units, 73% are owner-occupied (461 units) and 27% are renter-occupied (168 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hico shows an unemployment rate of 3.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 11.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hico have an average one-way commute time of 22.1 minutes.
Education & Demographics
19.6% of Hico residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 9.1% White, 0.4% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 4.7% of the population being foreign-born.
Cost of Living in Hico, TX
Compared to national averages, Hico has a median household income of $52,250 (30% below the national median of $75,149). Home values average $122,600, which is 50% below the national median. Monthly rent at $725 is 38% below the US average of $1,163. Within Texas, Hico's income is 28% below the state average of $72,726, and home values are 42% below the state median of $211,769.
Why Live in Hico, TX?
Hico offers affordable housing with a median home value of $122,600, below the US average of $244,900, and rent that’s lower than the national average at $725/month, and a strong job market with an unemployment rate of just 3.6%. Additionally, the city features a low poverty rate of 11.2%, better than the national average, and short commute times averaging just 22.1 minutes.
Potential considerations include median household income ($52,250) that falls below the national average. However, Hico’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hico has a population of 1,806 with a median age of 36.6 years. Compare Hico with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Hico
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Buffalo | 1,804 | $47,428 | $62,300 | Compare |
| Las Quintas Fronterizas | 1,802 | $0 | $143,000 | Compare |
| Van Vleck | 1,812 | $63,682 | $146,300 | Compare |
| Siesta Acres | 1,814 | $32,425 | $160,200 | Compare |
| Ben Wheeler | 1,793 | $118,174 | $258,600 | Compare |
| Eden | 1,793 | $45,694 | $83,800 | Compare |
| Eldorado | 1,793 | $66,125 | $97,300 | Compare |
| Clarendon | 1,789 | $54,441 | $93,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Hico With Other Cities
Frequently Asked Questions about Hico
What is the population of Hico, TX?
The population of Hico, TX is 1,806 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Texas.
What is the median household income in Hico?
The median household income in Hico, TX is $52,250 per year, which is 30% below the national median of $75,149.
What is the median home value in Hico?
The median home value in Hico, TX is $122,600, which is 50% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hico?
The median monthly rent in Hico, TX is $725, which is 38% below the national average of $1,163/month.
What is the unemployment rate in Hico?
The unemployment rate in Hico, TX is 3.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Hico, TX a good place to live?
Hico offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,806 and a median age of 36.6, the city appeals to a broad range of residents.
How educated is Hico, TX?
19.6% of residents in Hico aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Hico?
Key cost-of-living indicators for Hico, TX: median home value is $122,600 (50% below national), median rent is $725/month, and median household income is $52,250. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Hico?
The poverty rate in Hico, TX is 11.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Hico, TX?
Hico's population is 9.1% White, 0.4% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 5.6% two or more races. 4.7% of residents are foreign-born.