\nDuran, NM is a small city located in the heart of New Mexico. It has become a popular destination for those wanting to experience the charm and hospitality this small city has to offer. The rent for a two bedroom apartment or home in Duran, NM is $1,040 compared to the US average of $1,430. Grocery costs are also lower in Duran at an index of 90 compared to 100 for other parts of the US. This makes Duran an attractive place to live due to its cheaper cost of living. Local companies like D&R Machinery, A&B Pawn & Loan and Big O's Auto Parts are all well established businesses in the area providing essential services and goods. Duran is an excellent option for those looking for a low cost place to live with plenty of amenities close by.
Duran has an unemployment rate of 8.8%. The US average is 6.0%.
Duran has seen the job market decrease by -8.3% over the last year. Future job growth over the next ten years is predicted to be 28.1%, which is lower than the US average of 33.5%.
Tax Rates for Duran
- The Sales Tax Rate for Duran is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Duran 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 Duran
- The average income of a Duran resident is $15,679 a year. The US average is $37,638 a year.
- The Median household income of a Duran resident is $0 a year. The US average is $69,021 a year.