Logan, New Mexico is a small rural town with a population of about 1,800 people. This small community has plenty to offer its residents, from local businesses to scenic views. Local companies in Logan offer a variety of services and products which range from agricultural products from Wallace Farms to home-cooked meals at Hayes Cafe. The cost of living in Logan is relatively low compared to the rest of the country with 2 bedrooms renting on average for $790 compared to the national average of $1,430 for 2 bedroom rentals. Additionally, Logan features a Grocery Cost Index of 91 versus 100 in the US which further demonstrates why Logan is an inexpensive place to live.
Logan has an unemployment rate of 7.5%. The US average is 6.0%.
Logan has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 26.0%, which is lower than the US average of 33.5%.
Tax Rates for Logan
- The Sales Tax Rate for Logan is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Logan 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 Logan
- The average income of a Logan resident is $18,669 a year. The US average is $28,555 a year.
- The Median household income of a Logan resident is $28,158 a year. The US average is $69,021 a year.