Ranchos de Taos, NM is a beautiful small town located in the heart of New Mexico. It is known for its gorgeous landscapes, art galleries, and unique culture. The cost of living is quite affordable; 2 bedroom rent is $950 compared to a US average of $1,430. The grocery cost index for Ranchos de Taos is 100 which is equal to the national average. Popular local businesses include Taos Pizza Outback, Taos Mountain Outfitters, and Viva Feed & Seed Co-op. Traditional New Mexican cuisine can be found at Guadalajara Grill or El Meze Restaurant where you can find delicious chile rellenos, tacos al carbon, and enchiladas.
Ranchos de Taos has an unemployment rate of 10.5%. The US average is 6.0%.
Ranchos de Taos has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Ranchos de Taos
- The Sales Tax Rate for Ranchos de Taos is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Ranchos de Taos 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 Ranchos de Taos
- The average income of a Ranchos de Taos resident is $23,292 a year. The US average is $28,555 a year.
- The Median household income of a Ranchos de Taos resident is $42,326 a year. The US average is $69,021 a year.