Navajo Dam, NM is a small town located in Northwestern New Mexico. It has a population of around 970 people and is a great place to live with affordable 2 Bedroom rent costing about $1,010 compared to the US average of $1,430. Food cost is also relatively low in Navajo Dam due to its Grocery Cost Index which sits at 97 compared to 100 in the US. The local economy here consists of companies like Navajo Trading Company, Four Corners Market, and Lakeview Electric Inc. that offer items ranging from jewelry to electric services for the citizens of Navajo Dam.
Navajo Dam has an unemployment rate of 9.7%. The US average is 6.0%.
Navajo Dam has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 18.2%, which is lower than the US average of 33.5%.
Tax Rates for Navajo Dam
- The Sales Tax Rate for Navajo Dam is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Navajo Dam 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 Navajo Dam
- The average income of a Navajo Dam resident is $43,591 a year. The US average is $28,555 a year.
- The Median household income of a Navajo Dam resident is $65,781 a year. The US average is $69,021 a year.