El Rancho, NM is a small town located in Torrance County. It offers an affordable cost of living, with 2 Bedroom Rent costing only $1,130 compared to the US average of $1,430. There is also a Grocery Cost Index of 108 versus the US average of 100. The population size is not included as this information isn't available. \nThere are many local companies in El Rancho, NM such as S & C Design and Construction, Calapooia Valley Fire Protection District, and El Rancho Veterinary Hospital. Additionally, the town has access to amenities like RV Parks and public parks for outdoor recreation. With its low rent costs and variety of businesses in the area, El Rancho, NM is an ideal place to live.
El Rancho has an unemployment rate of 7.5%. The US average is 6.0%.
El Rancho has seen the job market increase by 3.1% over the last year. Future job growth over the next ten years is predicted to be 30.5%, which is lower than the US average of 33.5%.
Tax Rates for El Rancho
- The Sales Tax Rate for El Rancho is 8.4%. The US average is 7.3%.
- The Income Tax Rate for El Rancho 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 El Rancho
- The average income of a El Rancho resident is $30,171 a year. The US average is $28,555 a year.
- The Median household income of a El Rancho resident is $48,068 a year. The US average is $69,021 a year.