Chimayo, NM is a vibrant and unique small town that offers a variety of amenities to its residents. With an average two bedroom rent of $1,350, Chimayo is much more affordable than the national average of $1,430. Groceries are also cheaper in Chimayo than the US as a whole with an index rating of 95. This makes it a great place for families looking to stay within budget while enjoying all that the area has to offer. Local companies in Chimayo include J&R Meats, Valley Feeds and Supply, and Chimayo True Value Hardware. All three establishments provide excellent services and products to locals and visitors alike.
Chimayo has an unemployment rate of 8.0%. The US average is 6.0%.
Chimayo has seen the job market decrease by -3.1% 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 Chimayo
- The Sales Tax Rate for Chimayo is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Chimayo 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 Chimayo
- The average income of a Chimayo resident is $29,118 a year. The US average is $37,638 a year.
- The Median household income of a Chimayo resident is $46,865 a year. The US average is $69,021 a year.