Casa Colorada, NM is a small city located in southwestern New Mexico. It has plenty of character and charm, with its scenic mountain backdrop and bustling downtown. The cost of living is quite affordable in this city, as the median rent for a two-bedroom apartment is $1,030 which is lower than the US average of $1,430. Additionally, groceries are more cost-effective in Casa Colorada than the national average thanks to its grocery cost index which stands at 91 compared to 100 in the US. Local businesses such as the popular La Picosita Mexican restaurant or Lovejoy's Antiques & Collectibles shop provide residents with unique services that can't be found elsewhere. All in all, Casa Colorada is an excellent place to live due to its reasonable cost of living and abundant local amenities.
Casa Colorada has an unemployment rate of 8.0%. The US average is 6.0%.
Casa Colorada has seen the job market increase by 3.4% over the last year. Future job growth over the next ten years is predicted to be 32.7%, which is lower than the US average of 33.5%.
Tax Rates for Casa Colorada
- The Sales Tax Rate for Casa Colorada is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Casa Colorada 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 Casa Colorada
- The average income of a Casa Colorada resident is $19,093 a year. The US average is $28,555 a year.
- The Median household income of a Casa Colorada resident is $112,143 a year. The US average is $69,021 a year.