Chama, NM is a small town located in the northwest corner of New Mexico. Despite its small size, it has much to offer for those looking for a new place to call home. Not only does Chama have some of the most affordable rent prices in the state, with an average two bedroom rental costing $810 compared to a US average of $1,430, but also its low grocery cost index of 95 versus 100 in the US makes it attractive to budget-minded shoppers. The town offers a variety of local businesses, including Chama River Brewing Company which brews craft beer from locally sourced ingredients and Chama Valley Farm which produces grass-fed beef and pork products. There is no shortage of things to do in Chama, making it an ideal place for people who want an affordable yet exciting place to call home.
Chama has an unemployment rate of 8.0%. The US average is 6.0%.
Chama 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 Chama
- The Sales Tax Rate for Chama is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Chama 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 Chama
- The average income of a Chama resident is $20,825 a year. The US average is $28,555 a year.
- The Median household income of a Chama resident is $35,263 a year. The US average is $69,021 a year.