Tohatchi, NM is a small community with a population of around 1,500 people. It is a beautiful town surrounded by mountains and desert plains. The cost of living in Tohatchi is quite affordable with 2 Bedroom Rent being approximately $860 compared to the US average of $1,430. The Grocery Cost Index in Tohatchi is 88 compared to 100 in the US which indicates that groceries are relatively cheaper than other parts of the country. There are several local businesses in Tohatchi such as Diné Entrepreneurship Center which provides business consulting and training services for entrepreneurs, Alamo Navajo School Board which offers educational programs to students, and various stores and cafes for shopping and dining needs. All these amenities make Tohatchi an ideal place for those looking for an affordable yet comfortable lifestyle.
Tohatchi has an unemployment rate of 10.7%. The US average is 6.0%.
Tohatchi 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 Tohatchi
- The Sales Tax Rate for Tohatchi is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Tohatchi 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 Tohatchi
- The average income of a Tohatchi resident is $14,073 a year. The US average is $37,638 a year.
- The Median household income of a Tohatchi resident is $32,448 a year. The US average is $69,021 a year.