Rincon, NM is a small town situated near the Rio Grande river. It has a population of just over 6,000 people and is known for its friendly atmosphere and low cost of living. Rent for a 2-bedroom apartment in Rincon is around $900 per month, which is significantly lower than the national average of $1,430. The grocery cost index in Rincon is also lower than the national average – 98 compared to 100. Local companies that are available in Rincon include Circle K convenience store, Peralta Trailers Inc., Midland Appliance & Repair Solutions LLC , and many more. All in all, Rincon offers an affordable lifestyle with plenty of opportunities for those wishing to live in this charming town.
Rincon has an unemployment rate of 8.0%. The US average is 6.0%.
Rincon has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 24.0%, which is lower than the US average of 33.5%.
Tax Rates for Rincon
- The Sales Tax Rate for Rincon is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Rincon 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 Rincon
- The average income of a Rincon resident is $9,642 a year. The US average is $37,638 a year.
- The Median household income of a Rincon resident is $0 a year. The US average is $69,021 a year.