Lordsburg, NM is a small town located in the Hidalgo County of New Mexico. It is known for its cultural diversity and friendly people. Two bedroom rent here is significantly lower than the US average at $730 per month, making it an affordable place to live. The cost of groceries are also cheaper than the US average, with a grocery cost index of 90 versus 100 in the US.
The local economy in Lordsburg is mainly powered by services and retail businesses. Notable companies include G&S Auto Repair, a family owned auto repair shop; Wendell's Cafe & Bakery, a popular cafe serving delicious homemade food; Farmers Furniture & Appliances, offering furniture and appliances; and ABC Pawn Shop where you can easily find any item needed. All these businesses contribute to the economic development in Lordsburg and make it a great place to live or visit.
Lordsburg has an unemployment rate of 6.3%. The US average is 6.0%.
Lordsburg has seen the job market increase by 4.3% over the last year. Future job growth over the next ten years is predicted to be 33.0%, which is lower than the US average of 33.5%.
Tax Rates for Lordsburg
- The Sales Tax Rate for Lordsburg is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Lordsburg 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 Lordsburg
- The average income of a Lordsburg resident is $17,751 a year. The US average is $28,555 a year.
- The Median household income of a Lordsburg resident is $33,281 a year. The US average is $69,021 a year.