Hernandez, NM is a small and charming community located in the state of New Mexico. It offers residents affordable living with a two-bedroom rent at $810 per month compared to the national average of $1,430. Hernandez also offers a lower cost of living evidenced by its Grocery Cost Index score which is 95 versus 100 in US average. With plenty of local amenities and businesses, Hernandez has something to offer for everyone. Local companies include Fernandez Grocery Store, Hernandez Auto Repair Shop, El Sol Mexican Restaurant, and La Luna Boutique. Residents love these local establishments for their friendliness and excellent service.
Hernandez has an unemployment rate of 8.0%. The US average is 6.0%.
Hernandez has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 33.2%, which is lower than the US average of 33.5%.
Tax Rates for Hernandez
- The Sales Tax Rate for Hernandez is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Hernandez 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 Hernandez
- The average income of a Hernandez resident is $12,848 a year. The US average is $28,555 a year.
- The Median household income of a Hernandez resident is $18,846 a year. The US average is $69,021 a year.