El Valle de Arroyo Seco, NM is a small town surrounded by the majestic Sangre de Cristo Mountains in Northern New Mexico. It offers a quiet and relaxed atmosphere to its residents, as well as plenty of outdoor recreational activities such as hiking, biking, and camping. The town is known for its affordable living costs with two bedroom apartments renting for $1,030 per month compared to the US average of $1,430. Groceries also cost less in El Valle de Arroyo Seco with an index of 96 compared to 100 in the US. Popular local businesses include Los Pinos Grocery Store, El Valle Restaurant & Bakery, and La Huerta Farm Market & Garden Center which offer fresh produce and grocery items.
El Valle de Arroyo Seco has an unemployment rate of 7.5%. The US average is 6.0%.
El Valle de Arroyo Seco has seen the job market increase by 3.1% over the last year. Future job growth over the next ten years is predicted to be 30.5%, which is lower than the US average of 33.5%.
Tax Rates for El Valle de Arroyo Seco
- The Sales Tax Rate for El Valle de Arroyo Seco is 8.4%. The US average is 7.3%.
- The Income Tax Rate for El Valle de Arroyo Seco 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 El Valle de Arroyo Seco
- The average income of a El Valle de Arroyo Seco resident is $17,770 a year. The US average is $28,555 a year.
- The Median household income of a El Valle de Arroyo Seco resident is $61,735 a year. The US average is $69,021 a year.