Malaga, NM is a small town located in the south-eastern region of the state. It offers a low cost of living with two bedroom rent averaging $790, compared to the United States national average of $1,430. Additionally, grocery costs are also lower in Malaga than elsewhere in the country, with an index score of 98 versus 100 for the US. Local companies include Malaga Homes, Smith Automotive, and Pacheco's Grocery Store. Popular attractions include Salem Park and The Rio Grande Valley Zoo which are both great sites for family outings. Other attractions include nearby hiking trails at Cienega Creek Natural Preserve and San Antonio Missions National Historical Park.
Malaga has an unemployment rate of 7.3%. The US average is 6.0%.
Malaga has seen the job market decrease by -6.6% over the last year. Future job growth over the next ten years is predicted to be 35.1%, which is higher than the US average of 33.5%.
Tax Rates for Malaga
- The Sales Tax Rate for Malaga is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Malaga 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 Malaga
- The average income of a Malaga resident is $42,897 a year. The US average is $37,638 a year.
- The Median household income of a Malaga resident is $112,083 a year. The US average is $69,021 a year.