Ribera, NM is a small community situated in New Mexico with a rich history of art and culture. The area has many local businesses that offer unique goods including handmade jewelry, authentic Mexican cuisine, and various other items. Due to its lower cost of living, two bedroom rent in Ribera is just $790 compared to the U.S average of $1,430. Groceries are also much cheaper with an index rate of 90 compared to the US at 100. Residents will find themselves immersed in the serene atmosphere of rural New Mexico as they explore art galleries, boutique shops, and farmers markets within the community. Local companies like Artes de la Tierra Gallery and Viva Los Ranchos Farmer's Market help to create a diverse and vibrant atmosphere that is sure to delight visitors.
Ribera has an unemployment rate of 8.2%. The US average is 6.0%.
Ribera has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 21.1%, which is lower than the US average of 33.5%.
Tax Rates for Ribera
- The Sales Tax Rate for Ribera is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Ribera 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 Ribera
- The average income of a Ribera resident is $12,616 a year. The US average is $28,555 a year.
- The Median household income of a Ribera resident is $45,250 a year. The US average is $69,021 a year.