Springer, NM is a small city located in New Mexico that offers its residents an affordable cost of living. The average 2 bedroom rent in Springer is just $720 per month, which is nearly half the US average. Additionally, the Grocery Cost Index in Springer is 92 versus 100 in the US which makes it one of the most affordable places to shop. This low cost of living has attracted many businesses to springer including Nathan's Feed Store for all your local farming needs and Lobo Cargo Express which specializes in quick and reliable package delivery services across the country. Both companies are thriving and making life easier for everyone in Springer.
Springer has an unemployment rate of 7.1%. The US average is 6.0%.
Springer has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 9.9%, which is lower than the US average of 33.5%.
Tax Rates for Springer
- The Sales Tax Rate for Springer is 6.1%. The US average is 7.3%.
- The Income Tax Rate for Springer 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 Springer
- The average income of a Springer resident is $15,235 a year. The US average is $28,555 a year.
- The Median household income of a Springer resident is $43,826 a year. The US average is $69,021 a year.