La Madera, NM is a small rural town in New Mexico with friendly people and a great atmosphere. The cost of living in La Madera is quite affordable with most two bedroom rental units costing approximately $790 compared to the national average of $1,430. Groceries are also cheaper than the US average, with an index score of 95 out of 100. There are plenty of local businesses in the area such as El Valle Supermarket and El Rancho Drive-In Restaurant that offer a unique shopping and dining experience. One interesting fact about La Madera is that it has been around since 1873 when it was first settled by Spanish settlers.
La Madera (Rio Arriba County) has an unemployment rate of 8.0%. The US average is 6.0%.
La Madera (Rio Arriba County) has seen the job market decrease by -3.1% over the last year. Future job growth over the next ten years is predicted to be 33.2%, which is lower than the US average of 33.5%.
Tax Rates for La Madera (Rio Arriba County)
- The Sales Tax Rate for La Madera (Rio Arriba County) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for La Madera (Rio Arriba County) 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 La Madera (Rio Arriba County)
- The average income of a La Madera (Rio Arriba County) resident is $5,369 a year. The US average is $37,638 a year.
- The Median household income of a La Madera (Rio Arriba County) resident is $0 a year. The US average is $69,021 a year.