Madrone, NM is an attractive, rural town situated in the Southwest region of the United States. Its population size is not provided, but it has affordable 2 bedroom rent prices at $1,030 compared to the US average of $1,430. Additionally, Madrone has a lower grocery cost index than the US at 91 versus 100. There are a variety of local companies and attractions here such as Madrone National Park which offers outdoor activities such as fishing and hiking with scenic views of the surrounding area. Additionally there is an abundance of locally owned restaurants in town that offer traditional Southwestern cuisine.
Madrone has an unemployment rate of 8.0%. The US average is 6.0%.
Madrone has seen the job market decrease by -5.4% over the last year. Future job growth over the next ten years is predicted to be 32.7%, which is lower than the US average of 33.5%.
Tax Rates for Madrone
- The Sales Tax Rate for Madrone is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Madrone 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 Madrone
- The average income of a Madrone resident is $15,528 a year. The US average is $37,638 a year.
- The Median household income of a Madrone resident is $20,588 a year. The US average is $69,021 a year.