Santa Cruz, NM is a small city in New Mexico that has many great attractions. It offers an affordable cost of living with two bedroom rent costing only $1,020 compared to the US average of $1,430. Groceries are also relatively inexpensive, with a grocery cost index of 96 versus 100 in the US. Santa Cruz is home to several local companies such as Southwest Dairy Farmers and Meraz Construction Inc. Residents enjoy the small town atmosphere and the many outdoor activities available in the area.
Santa Cruz has an unemployment rate of 7.5%. The US average is 6.0%.
Santa Cruz has seen the job market increase by 3.1% over the last year. Future job growth over the next ten years is predicted to be 30.5%, which is lower than the US average of 33.5%.
Tax Rates for Santa Cruz
- The Sales Tax Rate for Santa Cruz is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Santa Cruz 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 Santa Cruz
- The average income of a Santa Cruz resident is $12,608 a year. The US average is $28,555 a year.
- The Median household income of a Santa Cruz resident is $30,114 a year. The US average is $69,021 a year.