Indian Hills, NM is a small town located near the border of Arizona and New Mexico. It has an affordable cost of living, as 2 bedroom rent averages at $990, which is a great deal compared to the U.S. average of $1,430. This also extends to the grocery costs in Indian Hills, NM where its index is 92 compared to 100 in the US. There are plenty of local businesses in Indian Hills that help contribute to its economy such as The Bank Store, Perrin Supply Company, and Red Rock Cafe. These companies have been around for many years and provide excellent services to people who live in or visit Indian Hills.
Indian Hills has an unemployment rate of 8.8%. The US average is 6.0%.
Indian Hills has seen the job market increase by 3.4% 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 Indian Hills
- The Sales Tax Rate for Indian Hills is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Indian Hills 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 Indian Hills
- The average income of a Indian Hills resident is $12,242 a year. The US average is $28,555 a year.
- The Median household income of a Indian Hills resident is $53,604 a year. The US average is $69,021 a year.