Mora, NM is a small town in New Mexico that offers affordable living. The average cost of rent for a two bedroom apartment in Mora is $750, compared to the national average of $1,430. Additionally, groceries are also significantly more affordable than the national average with an index of 91 compared to 100. This means that locals are able to save money on housing and food costs in Mora. The small town is home to several locally owned businesses including Joe's Plumbing and Heating, Mora Valley Lumber, and Pecos Valley Cafe. These businesses provide goods and services to the local population and help create a strong sense of community.
Mora has an unemployment rate of 7.4%. The US average is 6.0%.
Mora has seen the job market increase by 3.8% over the last year. Future job growth over the next ten years is predicted to be 25.5%, which is lower than the US average of 33.5%.
Tax Rates for Mora
- The Sales Tax Rate for Mora is 6.7%. The US average is 7.3%.
- The Income Tax Rate for Mora 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 Mora
- The average income of a Mora resident is $32,030 a year. The US average is $28,555 a year.
- The Median household income of a Mora resident is $65,371 a year. The US average is $69,021 a year.