Alamo, NM is a small town with a population of around 500 people and offers an affordable cost of living. The average two bedroom rent in Alamo is only $820 compared to the US at $1,430. Not only that, but groceries are also quite affordable with a grocery cost index of 89 versus 100 in the US.
The community of Alamo, NM has many local businesses that provide services for their residents including Alamo Floral Design which provides flower arrangements as well as Alamo Tire & Auto Services which offers car repairs. There are also several restaurants such as Apodaca's Mexican Restaurant and La Norteña Taqueria which offer delicious meals at reasonable prices.
Overall, Alamo, NM is a great place to live due to its affordability and its pleasant atmosphere. It provides plenty of opportunities for recreation such as hiking or camping on nearby trails and there are plenty of local businesses providing essential services for residents. With its low cost of living and pleasant atmosphere, Alamo is an ideal place to live for those looking for an affordable yet pleasant home.
Alamo has an unemployment rate of 6.6%. The US average is 6.0%.
Alamo has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 27.2%, which is lower than the US average of 33.5%.
Tax Rates for Alamo
- The Sales Tax Rate for Alamo is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Alamo 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 Alamo
- The average income of a Alamo resident is $9,327 a year. The US average is $28,555 a year.
- The Median household income of a Alamo resident is $22,361 a year. The US average is $69,021 a year.