Fort Sumner, NM is a small city located in the northeastern corner of New Mexico. It's a great place to call home with its friendly people, local businesses, and affordable cost of living. With rent for two bedrooms priced at only $820 compared to the US average of $1,430, living in Fort Sumner can be more economical than many other places. Other costs, such as groceries, are also lower in Fort Sumner with a grocery cost index of 89 compared to the US average of 100.
The economic base of Fort Sumner consists mainly of farming and ranching operations. Although some oil and gas production does occur here, most industries are agricultural-based. There are plenty of local businesses that provide residents with goods and services including restaurants, auto repair shops, convenience stores, grocery stores, and banks.
Fort Sumner is a wonderful place to live for those looking for relatively low housing costs combined with great local businesses and industries that support the community. The area boasts stunning natural beauty that creates a peaceful atmosphere perfect for raising families or simply enjoying life at a slower pace!
Fort Sumner has an unemployment rate of 5.3%. The US average is 6.0%.
Fort Sumner has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 13.4%, which is lower than the US average of 33.5%.
Tax Rates for Fort Sumner
- The Sales Tax Rate for Fort Sumner is 6.7%. The US average is 7.3%.
- The Income Tax Rate for Fort Sumner 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 Fort Sumner
- The average income of a Fort Sumner resident is $26,500 a year. The US average is $28,555 a year.
- The Median household income of a Fort Sumner resident is $35,556 a year. The US average is $69,021 a year.