Pecos, NM is a small city in Texas with a thriving business community. Built on the bank of the Pecos River, it has plenty of natural attractions like Davis Mountains and Santa Elena Canyon. Popular companies in Pecos include Jacksons Food Stores, Pecos Valley Industries, and KVET Radio. The cost of living in Pecos is notably cheaper than the national average; for example, two bedroom rent in Pecos is $1,170 compared to $1,430 nationwide. Additionally, the Grocery Cost Index in Pecos is 96 versus 100 nationally. This makes it an attractive destination for those looking for a budget-friendly lifestyle without sacrificing amenities or quality of life.
Pecos has an unemployment rate of 8.2%. The US average is 6.0%.
Pecos has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 21.1%, which is lower than the US average of 33.5%.
Tax Rates for Pecos
- The Sales Tax Rate for Pecos is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Pecos 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 Pecos
- The average income of a Pecos resident is $18,614 a year. The US average is $28,555 a year.
- The Median household income of a Pecos resident is $36,574 a year. The US average is $69,021 a year.