Sandia Heights, NM is a beautiful area to live with stunning views of the mountains. It is located near Albuquerque and offers many recreational activities. Two bedroom rent in Sandia Heights is $1,750 compared to the US average rent of $1,430 which shows that the cost of living there is higher than most other places. Grocery costs are also higher in Sandia Heights than in the US as a whole; the grocery cost index there is 104 versus 100 nationally.
The town has many local businesses to choose from such as La Montanita Co-op and Costa del Sol restaurants. Additionally, there are several shops for clothing and groceries such as The Mercantile and Native Roots Market & Deli. These businesses offer quality products at higher prices due to their more exclusive locations in this mountainous area. All these factors can make it difficult for people on a budget to live comfortably in Sandia Heights.
Sandia Heights has an unemployment rate of 7.3%. The US average is 6.0%.
Sandia Heights has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 34.4%, which is higher than the US average of 33.5%.
Tax Rates for Sandia Heights
- The Sales Tax Rate for Sandia Heights is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Sandia Heights 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 Sandia Heights
- The average income of a Sandia Heights resident is $62,768 a year. The US average is $28,555 a year.
- The Median household income of a Sandia Heights resident is $141,875 a year. The US average is $69,021 a year.