Maxwell, NM is a small town located in the state of New Mexico. It has a population of around 4,000 people and its main industries include agriculture, education, tourism and retail. The cost of living in Maxwell is very affordable with two bedroom rent averaging at $810 per month which is significantly lower than the national average of $1,430. Additionally, grocery cost index in Maxwell is only 90 compared to 100 in the US. There are several local businesses based in the area including John's General Store which offers an expansive selection of fresh produce; McHenry's Bookshop which specializes in rare books and records; and VE Automotive Repair which provides reliable auto repair services.
Maxwell has an unemployment rate of 7.1%. The US average is 6.0%.
Maxwell has seen the job market decrease by -8.5% over the last year. Future job growth over the next ten years is predicted to be 9.9%, which is lower than the US average of 33.5%.
Tax Rates for Maxwell
- The Sales Tax Rate for Maxwell is 6.1%. The US average is 7.3%.
- The Income Tax Rate for Maxwell 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 Maxwell
- The average income of a Maxwell resident is $15,198 a year. The US average is $37,638 a year.
- The Median household income of a Maxwell resident is $38,750 a year. The US average is $69,021 a year.