Taos, NM is a beautiful town located in the foothills of the Sangre de Cristo Mountains. It offers plenty of outdoor activities such as skiing, snowshoeing, and hiking. The city is also home to many local businesses and attractions, including Taos Pueblo which was recognized as a UNESCO World Heritage Site in 1992. The cost of living in Taos is relatively low compared to other places in the United States; the average rent for a two-bedroom apartment is only $960 and the grocery cost index is 99 versus 100 for the US on average. Additionally, Taos has plenty of unique shops, restaurants and art galleries to explore making it an attractive destination for tourists and locals alike.
Taos has an unemployment rate of 10.5%. The US average is 6.0%.
Taos has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Taos
- The Sales Tax Rate for Taos is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Taos 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 Taos
- The average income of a Taos resident is $20,583 a year. The US average is $28,555 a year.
- The Median household income of a Taos resident is $37,083 a year. The US average is $69,021 a year.