Lake Arthur, NM is an affordable place to live with a cost of living index of 90. Residents of Lake Arthur pay an average 2 bedroom rent of $890, while the national average rate is $1,430. The town is also home to several well-known businesses such as Walmart, Dollar General, and McBride's Supermarket. Other local companies include Donut Express Bakery and Española Valley Farm Supply Co. Residents can also enjoy nearby attractions like the Blue Hole Park and Lake Forest Country Club for recreation.
Lake Arthur has an unemployment rate of 7.7%. The US average is 6.0%.
Lake Arthur has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 21.5%, which is lower than the US average of 33.5%.
Tax Rates for Lake Arthur
- The Sales Tax Rate for Lake Arthur is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Arthur 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 Lake Arthur
- The average income of a Lake Arthur resident is $19,905 a year. The US average is $28,555 a year.
- The Median household income of a Lake Arthur resident is $29,375 a year. The US average is $69,021 a year.