Los Ranchos de Albuquerque, NM is an excellent place to live. Known for its low cost of living compared to the US average, the rent for two bedroom apartments in Los Ranchos de Albuquerque is $1,070 versus the US average of $1,430. Additionally, the Grocery Cost Index is 96 in Los Ranchos de Albuquerque compared to 100 in the US. This means that basic necessities such as groceries are cheaper than average.
Along with the economical benefits of living in Los Ranchos de Albuquerque, there are numerous local companies that make it an attractive place to call home. Examples include Popular Markets for groceries and La Cava Mexican Restaurant for delicious Mexican food. La Montanita Co-op Food Market also offers fresh organic produce and sustainable products from local farmers and producers. All these businesses contribute to making Los Ranchos de Albuquerque a great place to live.
Los Ranchos de Albuquerque has an unemployment rate of 7.3%. The US average is 6.0%.
Los Ranchos de Albuquerque has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 34.4%, which is higher than the US average of 33.5%.
Tax Rates for Los Ranchos de Albuquerque
- The Sales Tax Rate for Los Ranchos de Albuquerque is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Los Ranchos de Albuquerque 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 Los Ranchos de Albuquerque
- The average income of a Los Ranchos de Albuquerque resident is $43,828 a year. The US average is $28,555 a year.
- The Median household income of a Los Ranchos de Albuquerque resident is $64,304 a year. The US average is $69,021 a year.