Caballo, NM is a small town located in the western part of the state. It has a population of about 200 people and offers a peaceful lifestyle with many rural amenities. The cost of living in Caballo is significantly lower than other cities in the US, with a 2 bedroom rent being only $780 compared to $1,430 on average nationally. Grocery costs are also notably less expensive at 94 index versus 100 on average in the US.
Living in such a small town offers the peace and tranquility that larger cities often lack. Local companies include Bar W Ranch which specializes in cattle raising and hay production; Homestead Organics which sells organic meat, eggs, vegetables, and herbs; and Adventures Unlimited which provides adventure trips to explore the nearby desert areas. These companies offer unique experiences that can’t be found anywhere else! Links for these companies can be found here: Bar W Ranch: http://barwranchcaballo.com/, Homestead Organics: https://www.homesteadorganicsnm.com/, Adventures Unlimited: http://adventuresunlimitednm.com/.
Caballo has an unemployment rate of 9.4%. The US average is 6.0%.
Caballo has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.
Tax Rates for Caballo
- The Sales Tax Rate for Caballo is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Caballo 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 Caballo
- The average income of a Caballo resident is $44,198 a year. The US average is $37,638 a year.
- The Median household income of a Caballo resident is $0 a year. The US average is $69,021 a year.