Grants, NM is a small town located in the Cibola County of New Mexico. It has an estimated population of 9,521 people and boasts a strong local economy with employers such as US Ecology, Rio Metro Regional Transit District, Navajo Refining Co., and San Juan College. The general cost of living in Grants is lower than the average cost of living in the United States; for example 2 bedroom rent is only $910/month as compared to $1,430 across the US and grocery costs are 91% that of US averages. Despite being a smaller city, Grants offers its residents plenty of fun activities including hiking at El Malpais National Monument or camping at Bluewater Lake State Park. Shopping enthusiasts can explore local stores such as the Trading Post Thrift Store or explore downtown Grants' many unique gift shops and restaurants.
Grants has an unemployment rate of 10.3%. The US average is 6.0%.
Grants has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 18.3%, which is lower than the US average of 33.5%.
Tax Rates for Grants
- The Sales Tax Rate for Grants is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Grants 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 Grants
- The average income of a Grants resident is $18,831 a year. The US average is $28,555 a year.
- The Median household income of a Grants resident is $44,782 a year. The US average is $69,021 a year.