Economy in Cedar Grove, New Mexico
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Economy
| Unemployment Rate | 6.10% | 9.10% |
| Recent Job Growth | 0.96% | -0.12% |
| Future Job Growth | 35.82% | 31.25% |
| Sales Taxes | 7.87% | 6.80% |
| Income Taxes | 5.30% | 6.25% |
| Income per Cap. | $35,449 | $27,067 |
| Household Income | $68,966 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 8.33% | 12.10% |
| Income between 15K and 25K | 9.26% | 10.18% |
| Income between 25K and 35K | 6.02% | 10.56% |
| Income between 35K and 50K | 10.65% | 14.98% |
| Income between 50K and 75K | 20.83% | 19.53% |
| Income between 75K and 100K | 11.57% | 12.52% |
| Income between 100K and 150K | 18.98% | 12.14% |
| Income between 150K and 250K | 10.19% | 3.91% |
| Income between 250K and 500K | 3.70% | 3.34% |
| Income greater than 500K | 0.46% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 10.58% | 13.81% |
| Professional and Related Occupations | 38.69% | 22.68% |
| Service | 13.14% | 14.51% |
| Sales and Office | 16.42% | 25.22% |
| Farming, Fishing, and Forestry | 0.00% | 0.68% |
| Construction, Extraction, and Maintenance | 20.07% | 9.37% |
| Production, Transportation, and Material Moving | 8.39% | 15.86% |
The unemployment rate in Cedar Grove, NM, is 6.10%, with job growth of 0.96%. Future job growth over the next ten years is predicted to be 35.82%.
Cedar Grove, NM Taxes
Cedar Grove, NM,sales tax rate is 7.87%. Income tax is 5.30%.
Cedar Grove, NM Income and Salaries
The income per capita is $35,449, which includes all adults and children. The median household income is $68,966.
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