Bloomfield, NM is a charming city located in northwest New Mexico. The city offers great quality of life with plenty of outdoor activities and shopping experiences. The average rent for a two bedroom apartment in Bloomfield is $860 which is significantly cheaper than the US average of $1,430 per month. Additionally, the grocery cost index in Bloomfield stands at 94 versus 100 in the US, making it more affordable to live and shop. \nThe local economy is largely driven by employers such as San Juan College, BBB Engineering & Environmental Services Inc., and Northwest Healthcare Clinic. The city also has a growing tourism industry with many popular attractions such as the Navajo Lake State Park and Four Corners Regional Airport. For anyone looking for an affordable living experience with plenty of attractions nearby, Bloomfield should definitely be considered!
Bloomfield has an unemployment rate of 9.7%. The US average is 6.0%.
Bloomfield 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 18.2%, which is lower than the US average of 33.5%.
Tax Rates for Bloomfield
- The Sales Tax Rate for Bloomfield is 8.2%. The US average is 7.3%.
- The Income Tax Rate for Bloomfield 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 Bloomfield
- The average income of a Bloomfield resident is $18,830 a year. The US average is $28,555 a year.
- The Median household income of a Bloomfield resident is $47,284 a year. The US average is $69,021 a year.