La Union, New Mexico is a small town located on the border of Texas and New Mexico. This community offers a low cost of living compared to other areas in the US. The average two bedroom rent is $820 which is just over half of the US average rent of $1,430. Additionally, grocery costs are lower in La Union than the national average as its Grocery Cost Index is 91 compared to 100 for the rest of US. This makes it an attractive option for those looking for a budget friendly area to settle in. Notable businesses that operate in La Union include El Capitan Restaurant and Bar, Big J Supermarket, and La Union Tire Shop. There are also several local farms that offer fresh produce to residents. Overall, La Union provides an affordable lifestyle with many local amenities and businesses for people looking to relocate or visit.
La Union has an unemployment rate of 8.0%. The US average is 6.0%.
La Union has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 24.0%, which is lower than the US average of 33.5%.
Tax Rates for La Union
- The Sales Tax Rate for La Union is 8.3%. The US average is 7.3%.
- The Income Tax Rate for La Union 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 Union
- The average income of a La Union resident is $12,331 a year. The US average is $28,555 a year.
- The Median household income of a La Union resident is $52,596 a year. The US average is $69,021 a year.