Sunshine, NM is a great place to live. The cost of living is much lower than the national average. A two bedroom apartment will only cost $1,160 which is significantly cheaper than the US average of $1,430. Groceries are also cheaper with the Grocery Cost Index in Sunshine being 91 compared to 100 in the US. There are many local businesses that call Sunshine home including Sunshine Automotive Services, Sunshine Veterinary Clinic, and Sunshine Diner. With its low rent prices and cheap groceries, it's clear why so many people choose to make their home in Sunshine, NM.
Sunshine has an unemployment rate of 18.5%. The US average is 6.0%.
Sunshine has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 12.9%, which is lower than the US average of 33.5%.
Tax Rates for Sunshine
- The Sales Tax Rate for Sunshine is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Sunshine 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 Sunshine
- The average income of a Sunshine resident is $26,764 a year. The US average is $37,638 a year.
- The Median household income of a Sunshine resident is $0 a year. The US average is $69,021 a year.