Chamita, NM is a small rural town in New Mexico that offers a lower cost of living than most other areas in the country. The average two-bedroom rent in the village is only $770 per month, compared to $1,430 nationally. Not only is rent inexpensive, but grocery prices are also lower than the US average. The Grocery Cost Index for Chamita is 97 compared to 100 across the US. Several local companies populate this charming village including Pacheco Landscaping and Construction, Martinez Plumbing Service, and Continental Realty Group. All three businesses are well known in Chamita and offer broad ranges of services to meet their customer’s needs.
Chamita has an unemployment rate of 8.0%. The US average is 6.0%.
Chamita has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 33.2%, which is lower than the US average of 33.5%.
Tax Rates for Chamita
- The Sales Tax Rate for Chamita is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Chamita 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 Chamita
- The average income of a Chamita resident is $15,145 a year. The US average is $28,555 a year.
- The Median household income of a Chamita resident is $52,857 a year. The US average is $69,021 a year.