Chaves, NM County is a great place to live with a lower cost of living than many other areas of the country. The average two bedroom rent is $890, which is significantly lower than the US average of $1,430. Additionally, grocery costs are nearly 10% less than the national index as well. In Chaves county there are plenty of local businesses that make it an attractive place to live. Businesses such as Chaves County Bank, Taos Valley Brewery & Grill, and Automated Control Solutions provide everything from banking services to delicious dining experiences. Recreation in Chaves county includes stunning trails for hiking and biking at Bottomless Lakes State Park, fishing and kayaking on Bottomless Lake itself, or skiing in nearby Ski Apache Resort. All in all Chaves county has something for everyone and is a great place to call home.
Chaves County has an unemployment rate of 7.7%. The US average is 6.0%.
Chaves County has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 21.5%, which is lower than the US average of 33.5%.
Tax Rates for Chaves County
- The Sales Tax Rate for Chaves County is 7.7%. The US average is 7.3%.
- The Income Tax Rate for Chaves County 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 Chaves County
- The average income of a Chaves County resident is $24,329 a year. The US average is $37,638 a year.
- The Median household income of a Chaves County resident is $47,620 a year. The US average is $69,021 a year.