Floyd, NM is a small town in the US with an affordable cost-of-living. Compared to the US average rent for a two-bedroom apartment which is $1,430, renting in Floyd is much cheaper at $800. The grocery cost index in this area is also significantly lower than the national average. Local businesses that are available in this area include Floyd Valley Healthcare, Floyd County Historical Museum, and Floyd County Store. These companies offer services such as healthcare and wellness programs, museum tours, and antique furniture shopping. In addition to these services, there are also many outdoor activities like hiking trails and golf courses nearby.
Floyd has an unemployment rate of 6.1%. The US average is 6.0%.
Floyd has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 23.6%, which is lower than the US average of 33.5%.
Tax Rates for Floyd
- The Sales Tax Rate for Floyd is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Floyd 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 Floyd
- The average income of a Floyd resident is $20,135 a year. The US average is $28,555 a year.
- The Median household income of a Floyd resident is $32,500 a year. The US average is $69,021 a year.