South Valley, NM is a great place to live with its relatively low cost of living. The average rent for a two bedroom home in South Valley is just $980 as opposed to the national average of $1,430. Additionally, the Grocery Cost Index is 93 versus 100 in the US, meaning that groceries are cheaper in South Valley than most places in America. Local companies include Rio Grande Credit Union, Hacienda Ford Lincoln and Plaza Tire & Auto Service. South Valley also boasts many local attractions such as Rio Bravo Brewing Company and Chama River Brewing Company. With its lower cost of living and local offerings, South Valley is a great choice for anyone looking to move away from more expensive cities.
South Valley has an unemployment rate of 7.3%. The US average is 6.0%.
South Valley has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 34.4%, which is higher than the US average of 33.5%.
Tax Rates for South Valley
- The Sales Tax Rate for South Valley is 6.4%. The US average is 7.3%.
- The Income Tax Rate for South Valley 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 South Valley
- The average income of a South Valley resident is $17,338 a year. The US average is $28,555 a year.
- The Median household income of a South Valley resident is $40,269 a year. The US average is $69,021 a year.