Raton, NM is a small town with an interesting history and diverse culture. The cost of living is significantly lower than the U.S. average, with 2 bedroom rent at only $780 compared to the U.S. average of $1,430. Grocery costs are also lower in Raton, with an index at 90 versus 100 in the US. \nThe city has several local companies that contribute to its vibrant economy such as Raton Family Medicine which serves the community with comprehensive healthcare services, and Big River Filmworks which provides video production services for corporate clients and filmmakers. It also has Santa Fe Trail Angora Goats and Alpacas which offers locally raised angora goats and alpacas along with their unique wool products. Raton is a great place to live with plenty of local businesses that make it special!
Raton has an unemployment rate of 7.1%. The US average is 6.0%.
Raton has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 9.9%, which is lower than the US average of 33.5%.
Tax Rates for Raton
- The Sales Tax Rate for Raton is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Raton 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 Raton
- The average income of a Raton resident is $18,956 a year. The US average is $28,555 a year.
- The Median household income of a Raton resident is $34,233 a year. The US average is $69,021 a year.