Mayhill, NM Economy


Reviews



BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.
Mayhill, NM is a small town known for its breathtaking views and friendly locals. It has a population of just over 200 people, making it an ideal place to call home for those seeking peace and tranquility. The 2 bedroom rent in Mayhill is only $800 compared to the US average of $1,430. The grocery cost index in Mayhill is also much lower than the national average, at 95 compared to 100 in the US.
There are several local businesses in Mayhill including A&R Carpentry, Old West Outfitters, and Sierra Pharmacy. The weather in Mayhill is sunny most days with temperatures ranging from 30-80 degrees Fahrenheit throughout the year. Winters tend to be cold and wet while summers are generally hot and dry.

Mayhill has an unemployment rate of 7.4%. The US average is 6.0%.

Mayhill has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 22.7%, which is lower than the US average of 33.5%.

Tax Rates for Mayhill
- The Sales Tax Rate for Mayhill is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Mayhill 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 Mayhill
- The average income of a Mayhill resident is $40,531 a year. The US average is $37,638 a year.
- The Median household income of a Mayhill resident is $0 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMayhill, New MexicoUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
Household Income 69021
Health
Compare Mayhill, NM
cost of living
Compare food, housing, utilities, and more in Mayhill, New Mexico to any other city in the US.


The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.