Grady, NM is a small town with a population of around 5,000 people. The cost of living in Grady is much lower than many other cities in the United States. The average two bedroom rent in Grady is $880 per month which is significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index in Grady is 92 compared to 100 for the US. This means groceries are cheaper in Grady than most other places. There are several local businesses that call Grady home such as King’s Auto Parts, BBQ Pit Stop Restaurant and Holmgren Feed Supply. All these factors make it an attractive place to live with a low cost of living compared to the US average.
Grady has an unemployment rate of 5.4%. The US average is 6.0%.
Grady has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Grady
- The Sales Tax Rate for Grady is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Grady 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 Grady
- The average income of a Grady resident is $20,646 a year. The US average is $28,555 a year.
- The Median household income of a Grady resident is $61,466 a year. The US average is $69,021 a year.