Velarde, NM Economy

Velarde, NM is a small town in New Mexico with a population of about 400 people. Although it is a small town, there are still many local companies that offer employment opportunities for the residents. Some of these companies include Southwestern Pump & Supply Inc., Valery Mechanical Services LLC, and C & P Appliances LLC. The cost of living in Velarde is much lower than the national average with 2-bedroom rent averaging just $810 compared to $1430 nationally. Similarly, the grocery cost index is 96 compared to 100 in the US on average - making food more affordable for residents. Salaries can vary depending on the type of job but are typically slightly lower than the national average due to the area’s low cost of living.