Ojo Amarillo, NM is a small town located in the southwestern part of the state. It is known for its warm and dry climate with plenty of sunshine. The average 2 bedroom rent in Ojo Amarillo is $1,140, which is lower than the national average of $1,430. Additionally, grocery costs are much lower than nationwide as well with an index score of 90 compared to 100. This makes living in Ojo Amarillo quite affordable for those looking for a more laid-back lifestyle. \nThe town offers many local businesses that contribute to its strong economy including restaurants such as El Faro Mexican Restaurant and El Taco Loco, retail stores like Ojo Amarillo Outfitters & General Store, and other services like West Wind Automotive Repair shop and Navajo Nation Southwest Credit Union. \nOverall, living in Ojo Amarillo can be a great option for those seeking a more peaceful life at an affordable cost.
Ojo Amarillo has an unemployment rate of 9.7%. The US average is 6.0%.
Ojo Amarillo 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 Ojo Amarillo
- The Sales Tax Rate for Ojo Amarillo is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Ojo Amarillo 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 Ojo Amarillo
- The average income of a Ojo Amarillo resident is $8,975 a year. The US average is $28,555 a year.
- The Median household income of a Ojo Amarillo resident is $19,500 a year. The US average is $69,021 a year.