Paraje, NM is a small city with a population of just over 2,000 people. It is known for its affordable housing, with an average two bedroom rent being only $730. The grocery cost index for Paraje is 89 compared to the US average of 100 showing that it is much less expensive to buy groceries. Popular local companies include 3D Custom Homes, Los Molinos Mexican Restaurant, and Christine's Barbershop. There are also many attractions in the area such as the White Sands National Monument, Lake Valley Golf Course and La Purisima Catholic Church. With plenty of activities to do and inexpensive living costs, Paraje is an ideal place to call home.
Paraje has an unemployment rate of 10.3%. The US average is 6.0%.
Paraje has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 18.3%, which is lower than the US average of 33.5%.
Tax Rates for Paraje
- The Sales Tax Rate for Paraje is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Paraje 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 Paraje
- The average income of a Paraje resident is $9,199 a year. The US average is $28,555 a year.
- The Median household income of a Paraje resident is $23,125 a year. The US average is $69,021 a year.