Rodeo, NM is a small town located in the south-western part of New Mexico. It is known for its historical sites and beautiful landscapes, which attract tourists from around the world. Additionally, it offers affordable housing options compared to other parts of the country. The average 2 Bedroom rent here is $870 while the US average is at $1,430. Grocery cost index in Rodeo is 92 compared to 100 in the US which indicates that groceries here are also relatively cheaper. Some of the local companies in Rodeo include: Redrock Hardware, JK Motors, and Homestead Supply Co. These companies offer services such as hardware store supplies, car repair and maintenance services, and agricultural products respectively.
Rodeo has an unemployment rate of 6.3%. The US average is 6.0%.
Rodeo has seen the job market decrease by -8.2% over the last year. Future job growth over the next ten years is predicted to be 33.0%, which is lower than the US average of 33.5%.
Tax Rates for Rodeo
- The Sales Tax Rate for Rodeo is 6.2%. The US average is 7.3%.
- The Income Tax Rate for Rodeo 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 Rodeo
- The average income of a Rodeo resident is $21,658 a year. The US average is $37,638 a year.
- The Median household income of a Rodeo resident is $0 a year. The US average is $69,021 a year.