Berino, NM is a great place to live and work. Rent for a two bedroom apartment in Berino is much lower than the national average at $890, making it an affordable area to live. Additionally, Berino has a lower cost of living compared to the US; its Grocery Cost Index is 91, whereas the US index is 100. Industries that thrive in Berino include retail, healthcare and educational services. Notable local companies include Berino Computer Solutions, Berino Medical Research Center and Lemon-Mint Education Services. All of these businesses play an important role in the local economy and provide valuable services to residents of Berino and its surrounding areas.
Berino has an unemployment rate of 8.0%. The US average is 6.0%.
Berino 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 Berino
- The Sales Tax Rate for Berino is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Berino 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 Berino
- The average income of a Berino resident is $7,551 a year. The US average is $28,555 a year.
- The Median household income of a Berino resident is $31,731 a year. The US average is $69,021 a year.