Reserve, New Mexico is a beautiful small town situated in the southwestern United States. It has a population of approximately 1,500 people and offers an array of natural outdoor activities including hiking, fishing, and hunting. There are several local businesses in Reserve such as Pino's Restaurant and Bar, Stockmen's Supply Co., and J&R Automotive Services. The average rent for a 2-bedroom apartment in Reserve is $770 which is significantly lower than the national average of $1,430. Additionally, the grocery cost index in Reserve is 94 compared to 100 in the US making it an affordable place to live with plenty of amenities at lower costs than the nation's average.
Reserve has an unemployment rate of 7.8%. The US average is 6.0%.
Reserve has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 21.0%, which is lower than the US average of 33.5%.
Tax Rates for Reserve
- The Sales Tax Rate for Reserve is 5.7%. The US average is 7.3%.
- The Income Tax Rate for Reserve 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 Reserve
- The average income of a Reserve resident is $12,920 a year. The US average is $28,555 a year.
- The Median household income of a Reserve resident is $29,926 a year. The US average is $69,021 a year.