Encino, NM is a small town located in New Mexico that provides plenty of opportunities for its residents. The average rent for a two bedroom apartment in Encino is $950, which is significantly lower than the national average of $1,430 for two bedroom apartments. Additionally, the Grocery Cost Index (GCI) in Encino is 86 compared to 100 nationally, so groceries are more affordable here as well. There are several local businesses that serve the community such as Safeway Grocery Store and Walgreens Pharmacy. There are also local restaurants, bars and clothing stores like The Cozy Café, El Patrón Bar & Grill and Boutique Aileene's.
Encino has an unemployment rate of 8.8%. The US average is 6.0%.
Encino has seen the job market increase by 3.4% over the last year. Future job growth over the next ten years is predicted to be 28.1%, which is lower than the US average of 33.5%.
Tax Rates for Encino
- The Sales Tax Rate for Encino is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Encino 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 Encino
- The average income of a Encino resident is $19,350 a year. The US average is $28,555 a year.
- The Median household income of a Encino resident is $47,708 a year. The US average is $69,021 a year.