Las Cruces, NM Metro Area is known for its affordability. Renting a two-bedroom here is significantly cheaper than the national average, coming in at $890 versus $1,430. The grocery cost index also indicates that prices here are lower than the US average; it's 93 compared to 100. Companies located in this area include New Mexico State University, Memorial Medical Center, Sunland Park Racetrack & Casino, and White Sands Missile Range. Overall, Las Cruces offers an affordable option with plenty of local businesses to support residents.
Las Cruces Metro Area has an unemployment rate of 8.0%. The US average is 6.0%.
Las Cruces Metro Area has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 24.0%, which is lower than the US average of 33.5%.
Tax Rates for Las Cruces Metro Area
- The Sales Tax Rate for Las Cruces Metro Area is 7.7%. The US average is 7.3%.
- The Income Tax Rate for Las Cruces Metro Area 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 Las Cruces Metro Area
- The average income of a Las Cruces Metro Area resident is $20,058 a year. The US average is $28,555 a year.
- The Median household income of a Las Cruces Metro Area resident is $47,151 a year. The US average is $69,021 a year.