Meadow Lake, NM is an affordable place to live with a 2 bedroom rent of $1,200 compared to the US average of $1,430. The cost of living in Meadow Lake is lower than the US average as indicated by the grocery cost index which is 93 in Meadow Lake versus 100 in the US. With its low living costs and access to nearby amenities such as shopping and dining, it is an ideal place for young professionals or families. Local businesses include Copper Sunrise Cafe & Bakery, Meadow Lake Volunteer Fire Department and Lakeside Landing Marina.
Meadow Lake has an unemployment rate of 8.0%. The US average is 6.0%.
Meadow Lake has seen the job market decrease by -5.4% over the last year. Future job growth over the next ten years is predicted to be 32.7%, which is lower than the US average of 33.5%.
Tax Rates for Meadow Lake
- The Sales Tax Rate for Meadow Lake is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Meadow Lake 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 Meadow Lake
- The average income of a Meadow Lake resident is $13,851 a year. The US average is $37,638 a year.
- The Median household income of a Meadow Lake resident is $33,324 a year. The US average is $69,021 a year.