Rowe, NM is a small town located in the state of New Mexico with a low cost of living compared to the US average. Despite its small size, Rowe has many local companies that provide excellent services and products for residents. Some notable businesses include Rowe Auto Parts, Rowe Lumber and Hardware, and NMSU Extension Office. The 2 bedroom rent in Rowe is $790 which is approximately 45% cheaper than the US average of $1,430 while the Grocery Cost Index in Rowe is 96 versus 100 in the US - showing that groceries are more affordable here than most other places in the country. All this makes Rowe an attractive place to live with a lower cost of living than most places throughout the United States.
Rowe has an unemployment rate of 8.2%. The US average is 6.0%.
Rowe has seen the job market decrease by -5.4% over the last year. Future job growth over the next ten years is predicted to be 21.1%, which is lower than the US average of 33.5%.
Tax Rates for Rowe
- The Sales Tax Rate for Rowe is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Rowe 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 Rowe
- The average income of a Rowe resident is $18,971 a year. The US average is $37,638 a year.
- The Median household income of a Rowe resident is $0 a year. The US average is $69,021 a year.