Capitan, NM is a small community in Lincoln County with approximately 1,000 residents. It is known for its breathtaking views of the nearby Capitan Mountains and its rich history as an old west town. This area boasts a much lower cost of living than many other parts of the country; for example, 2-bedroom rental prices are almost half the national average at $790 compared to $1,430 nationwide. Additionally, grocery costs are also significantly lower at 95 versus 100 on the US Grocery Cost Index. Here you'll find several local businesses like BJ's Tire & Automotive Repair and The Spur Line Restaurant & Saloon. With such affordable living it is no wonder why so many people are choosing to call Capitan home!
Capitan has an unemployment rate of 8.8%. The US average is 6.0%.
Capitan has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Capitan
- The Sales Tax Rate for Capitan is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Capitan 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 Capitan
- The average income of a Capitan resident is $22,875 a year. The US average is $28,555 a year.
- The Median household income of a Capitan resident is $46,179 a year. The US average is $69,021 a year.