Carlsbad, NM is an attractive city located in Eddy County. It has a beautiful climate and a thriving economy thanks to local companies such as Carlsbad desalination plant, Waste Isolation Pilot Plant (WIPP), and Brantley Drilling Company. The cost of living in Carlsbad is relatively affordable with 2 bedroom rent averaging around $990 compared to the US rate of $1430. Grocery costs are also competitive with an index rating of 93 compared to 100 for the US. These factors combined make Carlsbad a desirable place to live and work for those considering relocating to the area.
Carlsbad has an unemployment rate of 8.4%. The US average is 6.0%.
Carlsbad has seen the job market decrease by -6.6% over the last year. Future job growth over the next ten years is predicted to be 34.6%, which is higher than the US average of 33.5%.
Tax Rates for Carlsbad
- The Sales Tax Rate for Carlsbad is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Carlsbad 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 Carlsbad
- The average income of a Carlsbad resident is $32,907 a year. The US average is $37,638 a year.
- The Median household income of a Carlsbad resident is $70,745 a year. The US average is $69,021 a year.