Tse Bonito, NM is a small town with a population of just over 300 people. It's located in the New Mexico desert near Navajo Nation land and has a mix of traditional Native American and Hispanic influences. The local economy is based on ranching, farming, oil and gas exploration, tourism, and some light manufacturing. Rent is lower in Tse Bonito than the national average because of its smaller size and more rural location. Local companies include Tse Bonito Oil & Gas Exploration Co., X-Cel Construction & Renovations, High Desert Farm Supply Co., Blue Sky Tourism Services, and the Red Feather Trading Post. In addition to affordable housing costs, living in Tse Bonito also offers residents access to natural beauty like mountains and deserts as well as cultural attractions like traditional dances, powwows, rodeos, festivals, museums, galleries, artisans markets, restaurants serving authentic local fare.
Tse Bonito has an unemployment rate of 10.7%. The US average is 6.0%.
Tse Bonito 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 Tse Bonito
- The Sales Tax Rate for Tse Bonito is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Tse Bonito 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 Tse Bonito
- The average income of a Tse Bonito resident is $12,083 a year. The US average is $28,555 a year.
- The Median household income of a Tse Bonito resident is $38,041 a year. The US average is $69,021 a year.