Rock Springs, NM is a small town located in the Southwest of the United States. It is known for its affordability and low cost of living, with 2 bedroom rent being only $820 compared to $1,430 nationally. The Grocery Cost Index in Rock Springs is also low, at 88 compared to the national index at 100. Despite its small size, Rock Springs has a variety of businesses that offer goods and services to its locals. Local businesses include Walmart, Home Depot, and Hardee's restaurant. There are also several local auto repair shops and restaurants serving classic American dishes. In recent years, Rock Springs has been growing as more people move to the area searching for an affordable place to live.
Rock Springs has an unemployment rate of 10.7%. The US average is 6.0%.
Rock Springs has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Rock Springs
- The Sales Tax Rate for Rock Springs is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Rock Springs 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 Rock Springs
- The average income of a Rock Springs resident is $6,898 a year. The US average is $28,555 a year.
- The Median household income of a Rock Springs resident is $45,625 a year. The US average is $69,021 a year.