Ramah, New Mexico is a small town located in the northwest corner of the state. The cost of living is lower than the US average with an average 2 bedroom rent at $790 per month compared to $1,430 nationally. The grocery cost index is also lower at 90 versus 100 for the US. Local businesses that contribute to the economy include Ramah Feed and Ranch Supply, High Country Outfitters, and Ramah Mini Storage. These businesses offer a variety of services from feed and ranching to outdoor activities and storage for residents in Ramah.
Ramah has an unemployment rate of 10.7%. The US average is 6.0%.
Ramah has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Ramah
- The Sales Tax Rate for Ramah is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Ramah 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 Ramah
- The average income of a Ramah resident is $14,027 a year. The US average is $28,555 a year.
- The Median household income of a Ramah resident is $99,794 a year. The US average is $69,021 a year.