Roy, NM is a small town located in the state of New Mexico and is home to many small companies. The cost of living in Roy is relatively low compared to other cities in the US, making it an attractive place for those looking for affordable housing. The average rent for a two-bedroom apartment in Roy is $820 per month, which is much lower than the US average of $1,430 per month. Additionally, groceries also tend to be cheaper as the Grocery Cost Index in Roy is 89 versus 100 in the US. Some popular companies that operate locally include Maverik gas station, Elite Tire & Auto services and Sportsman's Warehouse. As such, Roy offers its residents an affordable lifestyle and convenient access to all necessary services.
Roy has an unemployment rate of 3.6%. The US average is 6.0%.
Roy has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 23.7%, which is lower than the US average of 33.5%.
Tax Rates for Roy
- The Sales Tax Rate for Roy is 6.1%. The US average is 7.3%.
- The Income Tax Rate for Roy 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 Roy
- The average income of a Roy resident is $16,383 a year. The US average is $28,555 a year.
- The Median household income of a Roy resident is $35,398 a year. The US average is $69,021 a year.