Portales, NM is a great city for people looking to have an affordable lifestyle. With an average two bedroom rent of $830 compared to the US average of $1,430, it is a great choice if you are trying to save money. The Grocery Cost Index in Portales is also 92 versus 100 in the US giving residents a lower grocery bill. There are many local businesses that give this city its charm, including S & S Supermarket, K-Bob’s Steakhouses and Golden Bank. All these amenities make Portales a great place to live with an attractive cost of living.
Portales has an unemployment rate of 6.1%. The US average is 6.0%.
Portales has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 23.6%, which is lower than the US average of 33.5%.
Tax Rates for Portales
- The Sales Tax Rate for Portales is 8.2%. The US average is 7.3%.
- The Income Tax Rate for Portales 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 Portales
- The average income of a Portales resident is $15,971 a year. The US average is $28,555 a year.
- The Median household income of a Portales resident is $44,101 a year. The US average is $69,021 a year.