Madrid, NM Economy

Madrid, NM is a small but vibrant town situated in the New Mexico desert. The cost of renting a two bedroom apartment is significantly lower than most US cities at $1,230 compared to $1,430. Additionally, the grocery cost index in Madrid is 99 while the national average is 100. The local economy is made up of a diverse range of businesses, including Madrid Coffee Company which serves specialty coffees and Khaos Aerials which offers aerial photography services. Other well-known companies in the area include La Casa Sena Restaurant and Bar and Turquoise Trail Trolley Tours which provide guided tours across the region.