La Plata, NM is a small city located in New Mexico. It has an estimated population of 890 people and has relatively affordable rent prices compared to the United States average. The average 2 bedroom rent in La Plata, NM stands at $890 compared to the national average of $1,430. Similarly, the grocery cost index in La Plata is 97 versus 100 in the US, making it more affordable for residents. La Plata's economy is mainly driven by local companies such as Torrance County Bank, R & T Distributing Company and Torrance County Electric Coop Inc., which provide different services to its population.
La Plata has an unemployment rate of 9.7%. The US average is 6.0%.
La Plata 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 18.2%, which is lower than the US average of 33.5%.
Tax Rates for La Plata
- The Sales Tax Rate for La Plata is 6.6%. The US average is 7.3%.
- The Income Tax Rate for La Plata 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 La Plata
- The average income of a La Plata resident is $25,057 a year. The US average is $28,555 a year.
- The Median household income of a La Plata resident is $49,861 a year. The US average is $69,021 a year.