Texico, NM is a small city located near the Texas-New Mexico state line. The cost of living in Texico is relatively low compared to the US average, with 2 bedroom rent coming in at $910 per month versus the US average of $1,430. Additionally, groceries cost approximately 91% of what they would in the US on average. Despite this small city's economical advantages, it is still growing and has many established corporations within its limits. Companies such as Sentry Energy Services and AMG Energy Group provide jobs and services to Texico residents. Overall, Texico has a vibrant economy that provides its citizens with economic stability without sacrificing quality of life.
Texico has an unemployment rate of 5.4%. The US average is 6.0%.
Texico has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Texico
- The Sales Tax Rate for Texico is 6.1%. The US average is 7.3%.
- The Income Tax Rate for Texico 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 Texico
- The average income of a Texico resident is $15,672 a year. The US average is $28,555 a year.
- The Median household income of a Texico resident is $48,438 a year. The US average is $69,021 a year.