Loving, New Mexico is a great place to live with access to affordable housing and groceries. According to the content above, rent prices for two bedroom homes in Loving are $1,000—significantly lower than the national average of $1,430. Additionally, grocery costs in Loving are 92 on a scale of 100 compared to the US average. With its low living expenses and beautiful mountain views, Loving is an attractive destination for those looking for a quiet, relaxed lifestyle. Some local companies in Loving include Elpis Solar Technologies, Zia Oil and Gas Company, and Martin Drilling Company.
Loving has an unemployment rate of 7.3%. The US average is 6.0%.
Loving has seen the job market increase by 8.5% over the last year. Future job growth over the next ten years is predicted to be 35.1%, which is higher than the US average of 33.5%.
Tax Rates for Loving
- The Sales Tax Rate for Loving is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Loving 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 Loving
- The average income of a Loving resident is $17,447 a year. The US average is $28,555 a year.
- The Median household income of a Loving resident is $52,591 a year. The US average is $69,021 a year.