Cuba, NM is a small town located in the heart of New Mexico. It is known for its breathtaking scenery and outdoor activities. Though it is a small community, it has many amenities including shops and restaurants. Local companies include Amigo's Mexican Restaurant, Pickles & Peppers Grocery Store, and Cuba Bakery & Cafe. The cost of living in Cuba is much more affordable than most other places in America. Rent for a two-bedroom apartment averages at $880 while the average US rent for a two-bedroom is $1,430 per month. The Grocery Cost Index in Cuba is 88 versus the national average of 100, meaning that groceries are cheaper here than in other parts of the country.
Cuba has an unemployment rate of 8.0%. The US average is 6.0%.
Cuba 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 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Cuba
- The Sales Tax Rate for Cuba is 8.2%. The US average is 7.3%.
- The Income Tax Rate for Cuba 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 Cuba
- The average income of a Cuba resident is $13,323 a year. The US average is $28,555 a year.
- The Median household income of a Cuba resident is $33,917 a year. The US average is $69,021 a year.