Columbus, NM is an affordable town to live in with its 2 Bedroom rent averaging at $800 compared to the United States' $1,430. Additionally, Columbus has a Grocery Cost Index of 90 as opposed to 100 in the US. This makes it a great location for people who want to purchase groceries without breaking the bank. There are many local companies such as Columbus Produce Company and Cactus Jacks that offer quality goods and services at lower prices than larger chains. Therefore, Columbus's cost of living is much more affordable than that of other cities throughout the United States.
Columbus has an unemployment rate of 18.5%. The US average is 6.0%.
Columbus has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 12.9%, which is lower than the US average of 33.5%.
Tax Rates for Columbus
- The Sales Tax Rate for Columbus is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Columbus 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 Columbus
- The average income of a Columbus resident is $13,204 a year. The US average is $37,638 a year.
- The Median household income of a Columbus resident is $24,487 a year. The US average is $69,021 a year.