Gallup, NM is a relatively small city that offers a unique cultural experience. It is home to many local businesses such as City of Gallup, Powerhouse Gym, Gallup McKinley County Schools, and Zia Credit Union. Residents of Gallup enjoy a lower cost of living when compared to the rest of the United States. For example, the average rent for a two-bedroom apartment in Gallup is $790, whereas it is $1,430 in the US as a whole. Similarly, grocery costs index in Gallup is 92 out of 100 versus 100 elsewhere in the US. This makes it possible for residents to save money on their everyday needs while still enjoying all that Gallup has to offer.
Gallup has an unemployment rate of 10.7%. The US average is 6.0%.
Gallup has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Gallup
- The Sales Tax Rate for Gallup is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Gallup 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 Gallup
- The average income of a Gallup resident is $18,024 a year. The US average is $28,555 a year.
- The Median household income of a Gallup resident is $54,537 a year. The US average is $69,021 a year.