Lee Acres, NM is a small residential town located near Albuquerque. It is an affordable place to live, with the average two bedroom rent at $970 compared to the US average of $1,430. In addition, grocery costs are also lower than most parts of the US. The Grocery Cost Index in Lee Acres is 95 compared to 100 in the US. There are quite a few local businesses that serve residents of Lee Acres such as Johnson and Johnson Auto Repair, Smith's Food Market, Jones Electronics Store, and Miller Printing Company. Residents can find all their needs met at these local stores while still enjoying a lower cost of living than most places in America.
Lee Acres has an unemployment rate of 9.7%. The US average is 6.0%.
Lee Acres 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 Lee Acres
- The Sales Tax Rate for Lee Acres is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Lee Acres 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 Lee Acres
- The average income of a Lee Acres resident is $18,258 a year. The US average is $28,555 a year.
- The Median household income of a Lee Acres resident is $41,172 a year. The US average is $69,021 a year.