Grenville, NM is a small town with a population of about 12,000. It is an ideal place to live for those looking for a peaceful and affordable community. The cost of living in Grenville is much lower than other places in the US, with average 2 bedroom rent costing only $700 compared to the national average of $1,430. Prices at the supermarket are also much more reasonable here; the Grocery Cost Index is 91 versus 100 in the US. Local businesses have sprung up to meet the needs and demands of residents, such as Mickey's Hardware Store, Sam's Bakery, and Zara's Clothing Boutique.
Grenville has an unemployment rate of 4.3%. The US average is 6.0%.
Grenville has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 22.2%, which is lower than the US average of 33.5%.
Tax Rates for Grenville
- The Sales Tax Rate for Grenville is 6.1%. The US average is 7.3%.
- The Income Tax Rate for Grenville 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 Grenville
- The average income of a Grenville resident is $21,471 a year. The US average is $28,555 a year.
- The Median household income of a Grenville resident is $100,417 a year. The US average is $69,021 a year.