Cotton City, NM is an ideal location for those looking for an affordable lifestyle. With a two-bedroom rent of just $800 and a Grocery Cost Index of 90 versus 100 in the US, it's no wonder Cotton City is becoming increasingly popular. The city itself offers a range of amenities such as local restaurants and shops, along with parks and other recreational activities. Major employers in the area include Texas Tech University Health Sciences Center El Paso, Delphi Technologies and Permian Basin Oil & Gas Corporation. Cotton City also hosts several annual events including the Cotton Pickers Fair each summer bringing together locals and visitors alike to enjoy the small town atmosphere.
Cotton City has an unemployment rate of 6.3%. The US average is 6.0%.
Cotton City has seen the job market decrease by -8.2% over the last year. Future job growth over the next ten years is predicted to be 33.0%, which is lower than the US average of 33.5%.
Tax Rates for Cotton City
- The Sales Tax Rate for Cotton City is 6.2%. The US average is 7.3%.
- The Income Tax Rate for Cotton City 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 Cotton City
- The average income of a Cotton City resident is $20,785 a year. The US average is $37,638 a year.
- The Median household income of a Cotton City resident is $49,500 a year. The US average is $69,021 a year.