Paguate, NM Economy


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Paguate, NM is an ideal place to live for those looking for affordable housing. The average rent for a 2 bedroom unit in Paguate is $720, which is substantially lower than the national average of $1,430. Additionally, the cost of groceries are also significantly lower than the national index at 90 versus 100. Apart from housing and groceries, there's plenty more to do in Paguate. With its many local businesses such as Moonlite Cafe & Grocery Store, Cibola Feeds, LLC, and Family Dollar Store you can shop or find a variety of entertainment options. All in all Paguate offers excellent value for money when it comes to cost of living.

Paguate has an unemployment rate of 10.3%. The US average is 6.0%.

Paguate has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 18.3%, which is lower than the US average of 33.5%.

Tax Rates for Paguate
- The Sales Tax Rate for Paguate is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Paguate 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 Paguate
- The average income of a Paguate resident is $26,927 a year. The US average is $28,555 a year.
- The Median household income of a Paguate resident is $36,667 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPaguate, New MexicoUnited States
  10.36
  -2.2%-6.2%
  18.3%33.5%
  6.8%6.2%
  4.9%4.6%
  $14,202$37,638
  $36,667$69,021
Family Median Income 85028
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