Dora, NM is a small town located in the Southwest region of the United States. It has a population of just over 1,000 people and offers a laid-back lifestyle for those looking to get out of city life. The cost of living in Dora is much lower than other areas due to its relatively small population. The average two-bedroom rent in Dora is just $830, compared to the US average of $1,430. Additionally, the grocery cost index in Dora is 93 versus 100 in the US, making it one of the least expensive places to buy groceries.
The local economy relies on local businesses like Cowboy's Market for groceries, Big Daddy's Ranchero for entertainment and John's Bakery & Café for dining out. These establishments offer low prices for locals while providing them with an enjoyable experience. With low costs and an enriching atmosphere, Dora is definitely worth considering if you’re looking to relocate somewhere with better affordability than other cities or states.
Dora has an unemployment rate of 6.1%. The US average is 6.0%.
Dora has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 23.6%, which is lower than the US average of 33.5%.
Tax Rates for Dora
- The Sales Tax Rate for Dora is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Dora 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 Dora
- The average income of a Dora resident is $37,234 a year. The US average is $28,555 a year.
- The Median household income of a Dora resident is $51,667 a year. The US average is $69,021 a year.