Lake Valley, New Mexico 

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Economy in Lake Valley, New Mexico

Lake Valley has an unemployment rate of 5.3%. The US average is 3.9%.

Lake Valley has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 18.2%, which is lower than the US average of 33.5%.

Tax Rates for Lake Valley
- The Sales Tax Rate for Lake Valley is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Lake Valley 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 Lake Valley
- The average income of a Lake Valley resident is $11,151 a year. The US average is $28,555 a year.
- The Median household income of a Lake Valley resident is $45,833 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYLake Valley, New MexicoUnited States
  6.6%3.7%
  2.5%1.6%
  18.2%33.5%
  6.6%6.2%
  4.9%4.6%
  $17,223$31,177
  $38,705$57,652
  $38,795$70,850
  POPULATION BY OCCUPATION
  0.0%1.3%
  0.0%0.6%
  33.3%6.2%
  0.0%10.4%
  0.0%2.7%
  0.0%11.6%
  0.0%4.1%
  0.0%0.9%
  0.0%2.1%
  0.0%4.7%
  0.0%1.9%
  0.0%6.7%
  0.0%0.1%
  25.0%4.3%
  0.0%9.3%
  16.7%13.8%
  0.0%2.2%
  8.3%7.4%
  0.0%4.9%
  16.7%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 5.2%)
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