Coyote, NM is an idyllic small town located in the heart of New Mexico. It has a quaint charm and offers its residents a great quality of life. The cost of living is low, even for renting a two bedroom apartment which averages only $770 per month, compared to the national average of $1,430. Grocery costs are also less expensive with an index of 97 versus 100 in the US.
The area boasts some excellent local businesses such as Coyote Emporium – an antique mall with over 10 vendors offering unique goods, and The Willow Tree Café – a cozy restaurant serving classic American dishes. For outdoor activities, Coyote is home to Oso Blanco Park – featuring lovely trails and scenes perfect for picnics or nature walks. Finally, another popular attraction is the annual Coyote Bluegrass Festival which draws people from all around the region who come to enjoy the music and camping activities it offers.
Coyote has an unemployment rate of 8.0%. The US average is 6.0%.
Coyote 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 Coyote
- The Sales Tax Rate for Coyote is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Coyote 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 Coyote
- The average income of a Coyote resident is $22,215 a year. The US average is $28,555 a year.
- The Median household income of a Coyote resident is $25,982 a year. The US average is $69,021 a year.