Peak Place, NM is an ideal place to live due to its affordable costs of living. The local two bedroom rent is $1,130 compared to the US average of $1,430. Additionally, the local grocery cost index in Peak Place is 108 versus 100 in the US. This indicates that it is slightly more expensive to buy groceries in Peak Place than it is in most other parts of the country. There are a variety of local businesses that make living in Peak Place very convenient such as Jones's Hardware, Kline's Grocery Store and Baker's Bakery. All these businesses have been around for many years and offer quality products at reasonable prices. With its affordable rent and excellent businesses nearby, Peak Place, NM provides a great place to live for families looking for an economical home.
Peak Place has an unemployment rate of 7.5%. The US average is 6.0%.
Peak Place has seen the job market increase by 3.1% over the last year. Future job growth over the next ten years is predicted to be 30.5%, which is lower than the US average of 33.5%.
Tax Rates for Peak Place
- The Sales Tax Rate for Peak Place is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Peak Place 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 Peak Place
- The average income of a Peak Place resident is $13,834 a year. The US average is $28,555 a year.
- The Median household income of a Peak Place resident is $42,031 a year. The US average is $69,021 a year.