Lincoln, NM County is a great place to live. It has an affordable cost of living with the average two bedroom rent being only $800 per month compared to the US average of $1,430. Grocery costs are also lower than the national average with a grocery cost index of 95 versus 100 for the US. The area is home to many local businesses such as Lincoln Family Pharmacy, Red Cat Coffee House and Bode's General Store. These establishments provide great services to the area while helping keep Lincoln County economically strong.
Lincoln County has an unemployment rate of 8.8%. The US average is 6.0%.
Lincoln County has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Lincoln County
- The Sales Tax Rate for Lincoln County is 7.2%. The US average is 7.3%.
- The Income Tax Rate for Lincoln 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 Lincoln County
- The average income of a Lincoln County resident is $29,846 a year. The US average is $37,638 a year.
- The Median household income of a Lincoln County resident is $47,247 a year. The US average is $69,021 a year.