Santa Teresa, NM is a small town located in the southwest part of the state near the Texas border. It is known for its warm and sunny climate, making it an ideal place to live for those who enjoy spending time outdoors. The rent for two bedroom homes in Santa Teresa is much lower than the national average, at $940 compared to $1,430 elsewhere. Additionally, residents can benefit from grocery costs that are 4% less than in other parts of the country.
Those living in Santa Teresa have access to a variety of activities and amenities. For instance, there’s a local golf course where people can tee off with friends or play solo rounds throughout the year. Local parks are also open for visitors, offering great spots for outdoor recreation such as biking and hiking trails. In addition, many restaurants and businesses offer unique experiences and services to locals and visitors alike — including shopping centers, movie theaters, brewpubs, and more.
Santa Teresa has an unemployment rate of 8.0%. The US average is 6.0%.
Santa Teresa has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 24.0%, which is lower than the US average of 33.5%.
Tax Rates for Santa Teresa
- The Sales Tax Rate for Santa Teresa is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Santa Teresa is 4.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Santa Teresa
- The average income of a Santa Teresa resident is $20,033 a year. The US average is $28,555 a year.
- The Median household income of a Santa Teresa resident is $54,205 a year. The US average is $69,021 a year.