Chamberino, NM is a small town located in New Mexico, USA. It is known for its low cost of living, which includes housing expenses; the average rent for a two-bedroom apartment is $880 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Chamberino is 92 versus 100 in the US. The local economy is mainly driven by agriculture, with some of the main employers being local farms and agricultural businesses such as G&F Farms and SouthWest Harvest Crops. The median salary for individuals employed by these companies ranges from $30,000 to $40,000 per year.
Chamberino has an unemployment rate of 8.0%. The US average is 6.0%.
Chamberino 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 Chamberino
- The Sales Tax Rate for Chamberino is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Chamberino 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 Chamberino
- The average income of a Chamberino resident is $14,328 a year. The US average is $28,555 a year.
- The Median household income of a Chamberino resident is $38,750 a year. The US average is $69,021 a year.