Red River, NM is a small mountain town located in the scenic Sangre de Cristo Mountains. Known for its skiing and snowboarding, Red River is a popular destination for winter sports enthusiasts. The town offers affordable living with 2 bedroom rent averaging $940, which is significantly cheaper than the national average of $1,430. Additionally, the Grocery Cost Index in Red River is 102 versus 100 in the US making it a great place to live for those looking to save money on basic necessities. Locally, Red River has several small businesses from ski rental shops like Red River Ski & Summer Area and Snow Country Rentals to restaurants like The Firebrand Grill and Twisters Year-Round. Visitors and locals alike can also take advantage of the area’s natural beauty by exploring some of the many hiking trails or visiting Questa’s Wild Rivers Recreation Area.
Red River has an unemployment rate of 10.5%. The US average is 6.0%.
Red River has seen the job market decrease by -7.8% 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 Red River
- The Sales Tax Rate for Red River is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Red River 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 Red River
- The average income of a Red River resident is $31,732 a year. The US average is $37,638 a year.
- The Median household income of a Red River resident is $0 a year. The US average is $69,021 a year.