Torrance, NM County is a great place to live and work. With 2 bedroom rent at only $1,140 and a Grocery Cost Index of 91 compared to the US average of 100, it offers an affordable cost of living. The county is home to many local companies such as Torrance Metal Manufacturing Company which offer quality products and services. With a lower cost of living than the US average, Torrance NM County offers an excellent quality of life with its many amenities and opportunities for those looking for a great place to live. For those who are looking for a low cost of living without compromising on quality of life, Torrance County is an ideal choice.
Torrance County has an unemployment rate of 8.8%. The US average is 6.0%.
Torrance County has seen the job market increase by 3.4% over the last year. Future job growth over the next ten years is predicted to be 28.1%, which is lower than the US average of 33.5%.
Tax Rates for Torrance County
- The Sales Tax Rate for Torrance County is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Torrance 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 Torrance County
- The average income of a Torrance County resident is $18,278 a year. The US average is $28,555 a year.
- The Median household income of a Torrance County resident is $44,819 a year. The US average is $69,021 a year.