Cedro, NM is a small suburb located outside of Albuquerque. The cost of living in Cedro is slightly lower than the main US average, with rent for a 2 bedroom apartment costing around $1,570 compared to $1,430 across the nation. Grocery costs are also more affordable in Cedro with an index of 98 versus 100 in the US. Local businesses include grocery stores such as Albertsons and Walmart Supercenter which offer competitive prices for groceries and other items. Additionally, local restaurants like El Chingon Mexican Kitchen and Ranchers Club serve up delicious meals at reasonable prices. This makes Cedro an attractive option for those looking for an affordable yet high-quality city to live in.
Cedro has an unemployment rate of 7.3%. The US average is 6.0%.
Cedro has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 34.4%, which is higher than the US average of 33.5%.
Tax Rates for Cedro
- The Sales Tax Rate for Cedro is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Cedro 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 Cedro
- The average income of a Cedro resident is $43,568 a year. The US average is $28,555 a year.
- The Median household income of a Cedro resident is $94,539 a year. The US average is $69,021 a year.