Newcomb, NM is an affordable place to live. The median rent for a two-bedroom apartment in the city is only $800 per month, which is significantly lower than the national average of $1,430. The grocery cost index in Newcomb is also more affordable than the rest of the country; the index there is 88 compared to 100 in the US.
The city has plenty of local businesses and attractions for residents and visitors alike. Some of these include Chuck's Diner, Bob's Plumbing Service, and Red Rock Park. All three places are popular among locals and offer great services and amenities for a fair price. Additionally, there are several other small businesses that offer goods and services to those living in or visiting Newcomb.
Newcomb has an unemployment rate of 9.7%. The US average is 6.0%.
Newcomb has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 18.2%, which is lower than the US average of 33.5%.
Tax Rates for Newcomb
- The Sales Tax Rate for Newcomb is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Newcomb 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 Newcomb
- The average income of a Newcomb resident is $17,614 a year. The US average is $28,555 a year.
- The Median household income of a Newcomb resident is $26,458 a year. The US average is $69,021 a year.