Tome, NM is a small town located in New Mexico. It is known for its affordable housing costs, with a two bedroom rent costing only $1,200 per month. This price point is significantly lower than the US average of $1,430 per month. Additionally, Tome offers reasonable grocery costs with an index of 93 versus the US standard of 100. As a result, it's no wonder that many people choose to make this cozy town their home.
The town boasts several local businesses that cater to the residents' needs, such as El Rinconcito Mexican Restaurant and Pueblo Diner for dining options; The Village Market for groceries; and Miller's Hardware Store which provides all sorts of hardware tools and supplies. Tome also has several other amenities including hiking trails, parks, golf courses, and even an opera house where locals can enjoy theatrical performances and concerts.
Tome has an unemployment rate of 8.0%. The US average is 6.0%.
Tome has seen the job market increase by 3.4% over the last year. Future job growth over the next ten years is predicted to be 32.7%, which is lower than the US average of 33.5%.
Tax Rates for Tome
- The Sales Tax Rate for Tome is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Tome 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 Tome
- The average income of a Tome resident is $20,604 a year. The US average is $28,555 a year.
- The Median household income of a Tome resident is $67,016 a year. The US average is $69,021 a year.