Arroyo Hondo, NM is an attractive place to live for people who are looking for an affordable place to settle. The average rent for a two-bedroom apartment in the area is $1,280, which is significantly lower than the US average of $1,430. The Grocery Cost Index here is 101 versus 100 in the US, making it slightly more expensive to purchase groceries than the national average. There are plenty of local companies and attractions that make living in Arroyo Hondo a great choice. The area has many interesting museums such as the New Mexico Museum of Space History and the Taos Wildlife Refuge. For shopping, there are numerous local boutiques and stores like La Obra Negra Gallery and Taos Hemp Company. In addition to these fun things to do, residents can enjoy great restaurants like Blakes Lotaburger and Sonny's Café & Saloon.
Arroyo Hondo (Taos County) has an unemployment rate of 10.5%. The US average is 6.0%.
Arroyo Hondo (Taos County) has seen the job market decrease by -7.8% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Arroyo Hondo (Taos County)
- The Sales Tax Rate for Arroyo Hondo (Taos County) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Arroyo Hondo (Taos County) 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 Arroyo Hondo (Taos County)
- The average income of a Arroyo Hondo (Taos County) resident is $17,124 a year. The US average is $37,638 a year.
- The Median household income of a Arroyo Hondo (Taos County) resident is $0 a year. The US average is $69,021 a year.