Cedar Crest, NM is a small community located in the Sandia Mountains in New Mexico. It is known for its breathtaking scenery and peaceful atmosphere. The rent for a two-bedroom apartment in Cedar Crest is slightly higher than the national average at $1,660 compared to $1,430. The grocery cost index is also slightly lower than the US average of 100, sitting at 99. As such, there are many local businesses that offer affordable goods and services to residents of Cedar Crest. Companies like Cedar Creek Antiques, Hightower Orchard & Winery, and Canyon Cafe are some of the most popular businesses in the area that offer quality products at reasonable prices.
Cedar Crest has an unemployment rate of 7.3%. The US average is 6.0%.
Cedar Crest has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 34.4%, which is higher than the US average of 33.5%.
Tax Rates for Cedar Crest
- The Sales Tax Rate for Cedar Crest is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Cedar Crest 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 Cedar Crest
- The average income of a Cedar Crest resident is $30,473 a year. The US average is $28,555 a year.
- The Median household income of a Cedar Crest resident is $132,739 a year. The US average is $69,021 a year.