Cedar Grove, NM is a charming and vibrant town located in the Southwestern United States. The cost of living is relatively low, making it an accessible and attractive option for many people. In terms of housing, 2 Bedroom Rent in Cedar Grove, NM averages at $1,300 compared to the US average of $1,430. Grocery Cost Index in Cedar Grove is 99 versus 100 in the US, making groceries affordable for locals. The local economy is strong with popular companies such as Walmart and Target offering jobs to residents. Overall Cedar Grove is great option for anyone looking for an affordable place to live with access to essential amenities.
Cedar Grove has an unemployment rate of 7.5%. The US average is 6.0%.
Cedar Grove has seen the job market increase by 3.1% over the last year. Future job growth over the next ten years is predicted to be 30.5%, which is lower than the US average of 33.5%.
Tax Rates for Cedar Grove
- The Sales Tax Rate for Cedar Grove is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Cedar Grove 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 Grove
- The average income of a Cedar Grove resident is $30,390 a year. The US average is $28,555 a year.
- The Median household income of a Cedar Grove resident is $56,414 a year. The US average is $69,021 a year.