Many Farms, AZ Economy


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United States / Arizona / No Metro Area / Apache County / Many Farms / Zip Codes
Many Farms, AZ is a small rural town located in Apache County. It boasts many local amenities that make it an attractive place to live. Residents can enjoy low cost of living with a two bedroom rent averaging $950 compared to the US average of $1,430. Grocery costs are also lower than the national average with an index score of 89 versus 100 in the US. There are several local businesses including convenience stores, service stations, and family-owned restaurants that have been serving their community for generations. The town also offers access to outdoor recreation activities such as fishing and horseback riding on nearby Navajo Reservation land and has several surrounding state parks offering camping and hiking opportunities. Additionally, there is easy access to larger urban areas because Many Farms is only a short drive away from Flagstaff or Gallup. All these factors make Many Farms an ideal place to live for those seeking a quieter lifestyle while still having access to modern conveniences.

Many Farms has an unemployment rate of 11.2%. The US average is 6.0%.

Many Farms has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 21.2%, which is lower than the US average of 33.5%.

Tax Rates for Many Farms
- The Sales Tax Rate for Many Farms is 6.1%. The US average is 7.3%.
- The Income Tax Rate for Many Farms is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Many Farms
- The average income of a Many Farms resident is $11,455 a year. The US average is $28,555 a year.
- The Median household income of a Many Farms resident is $31,313 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMany Farms, ArizonaUnited States
  11.26
  -4.1%-6.2%
  21.2%33.5%
  6.1%6.2%
  3.4%4.6%
  $17,837$37,638
  $31,313$69,021
  $36,442$85,028
  Population by Occupation
  0.0%1.2%
  3.8%0.5%
  5.2%6.8%
  0.0%10.0%
  0.0%2.5%
  3.8%11.0%
  3.8%4.8%
  0.0%0.8%
  2.3%1.9%
  0.0%4.7%
  0.0%1.9%
  8.9%7.6%
  0.0%0.1%
  0.5%4.2%
  56.8%9.3%
  14.1%14.0%
  0.0%2.1%
  0.9%7.0%
  0.0%4.8%
  0.0%4.7%
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