Vaughn, NM is a small town located in southeastern New Mexico. It's a great destination for people looking for an affordable yet comfortable place to live. The average cost of rent for a two bedroom apartment is $720, which is much lower than the US average rent of $1,430. Additionally, grocery costs in Vaughn are 87 on the index versus the national average of 100.
The local economy in Vaughn is supported by several businesses such as Central Hardware & Supply Co., Mesa Verde Motors, Pajarito Market, and Tommy's Drive-In. These companies provide residents with goods and services necessary to maintain their lifestyle. Furthermore, there are also plenty of recreational activities to enjoy like camping, fishing, and hiking at nearby state parks.
Vaughn has an unemployment rate of 7.7%. The US average is 6.0%.
Vaughn has seen the job market decrease by -4.2% over the last year. Future job growth over the next ten years is predicted to be 24.8%, which is lower than the US average of 33.5%.
Tax Rates for Vaughn
- The Sales Tax Rate for Vaughn is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Vaughn 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 Vaughn
- The average income of a Vaughn resident is $10,974 a year. The US average is $37,638 a year.
- The Median household income of a Vaughn resident is $20,625 a year. The US average is $69,021 a year.