Alcalde, NM is a small town with a population of around 2,000 people. It is located in Rio Arriba County and has a rural feel. The cost of living is relatively low due to the low rental costs; a two bedroom apartment costs on average $800 per month. Grocery costs are also lower than the US average index of 100, at 94.
The local economy in Alcalde, NM is primarily served by small businesses such as the Jane Street Market and the Alcalde Hardware Store. The Jane Street Market provides fresh produce and groceries to residents while the Alcalde Hardware Store sells building supplies and tools to locals who need them. Additionally, there are several restaurants that provide dining options for residents in and around Alcalde. These businesses play an important role in the local economy as they provide jobs for many people who live in the community.
Alcalde has an unemployment rate of 8.0%. The US average is 6.0%.
Alcalde has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 33.2%, which is lower than the US average of 33.5%.
Tax Rates for Alcalde
- The Sales Tax Rate for Alcalde is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Alcalde 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 Alcalde
- The average income of a Alcalde resident is $23,428 a year. The US average is $28,555 a year.
- The Median household income of a Alcalde resident is $42,188 a year. The US average is $69,021 a year.