Arroyo Seco, NM is a small town located in north-central New Mexico which offers an affordable cost of living for those seeking to relocate. The average rental rate for a two bedroom apartment is around $1,250 per month which is nearly $200 cheaper than the national average of $1,430. Grocery costs also remain below the US index at 99 versus 100 in the US.
The town offers several local businesses such as Arroyo Seco Hardware where you can find all your home improvement needs and Lazer's Tire & Automotive Services for all your vehicle needs. The area also boasts several eateries, such as La Casita Mexican Restaurant and El Corral Mexican Grille. For those who enjoy outdoor activities there are several parks and recreation areas nearby like Apache Canyon Trail and Gallinas Creek Trail Park.
Arroyo Seco has an unemployment rate of 10.5%. The US average is 6.0%.
Arroyo Seco has seen the job market increase by 2.6% 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 Seco
- The Sales Tax Rate for Arroyo Seco is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Arroyo Seco 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 Seco
- The average income of a Arroyo Seco resident is $27,710 a year. The US average is $28,555 a year.
- The Median household income of a Arroyo Seco resident is $54,554 a year. The US average is $69,021 a year.