Espanola, NM is a small town located in Northern New Mexico offering affordable living and many local attractions. The average rent for a two bedroom residence in Espanola is $1,030 which is significantly less than the US average of $1,430. In addition to this advantage, Espanola also boasts a relatively low Grocery Cost Index of 96 compared to 100 across the US. The area features a number of local companies such as First National Bank Of Santa Fe, Española Valley Fiber Arts Center and Southwest Creations Collaborative as well as a variety of recreational activities like White Rock Pueblo Trail and Rio Grande Nature Center State Park. With many activities and amenities to offer, Espanola is an excellent place to live.
Espanola has an unemployment rate of 8.0%. The US average is 6.0%.
Espanola has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 33.2%, which is lower than the US average of 33.5%.
Tax Rates for Espanola
- The Sales Tax Rate for Espanola is 8.9%. The US average is 7.3%.
- The Income Tax Rate for Espanola 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 Espanola
- The average income of a Espanola resident is $18,139 a year. The US average is $28,555 a year.
- The Median household income of a Espanola resident is $42,611 a year. The US average is $69,021 a year.