Las Palomas, NM Economy


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United States / New Mexico / No Metro Area / Sierra County / Las Palomas / Zip Codes
Las Palomas, NM is a suburb located in Dona Ana County. This small town is known for its low cost of living and peaceful atmosphere. The average rent for a two bedroom apartment here is $780 compared to the US average of $1,430 making it an ideal place to live. Additionally, the local grocery cost index here is 93 compared to 100 in the US, further adding to the area's affordability. Las Palomas is home to several local businesses including El Sol Mexican Restaurant, La Hacienda Grocery Store and Las Palomas Medical Center. Residents of this town enjoy a relaxed lifestyle with plenty of outdoor activities nearby such as hiking and biking trails at Mesilla Valley Bosque State Park.

Las Palomas has an unemployment rate of 9.4%. The US average is 6.0%.

Las Palomas 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 29.8%, which is lower than the US average of 33.5%.

Tax Rates for Las Palomas
- The Sales Tax Rate for Las Palomas is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Las Palomas 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 Las Palomas
- The average income of a Las Palomas resident is $30,267 a year. The US average is $37,638 a year.
- The Median household income of a Las Palomas resident is $0 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLas Palomas, New MexicoUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
Household Income 69021
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