Timberon, NM is an affordable city in the Southwest and a great spot for those looking to relocate. The average cost of rent for a two-bedroom apartment is $790 per month, far lower than the US average of $1,430. It's also cheaper to buy groceries in Timberon than elsewhere in the US with an index of 90 versus 100. There are various local businesses too, such as Top Dollar Pawn Shop offering loan services, Tierra Blanca Ranch providing outdoor activities and accommodations, and Anita’s Home Cooking serving delicious Mexican cuisine. Overall, Timberon is ideal for anyone looking for a tight-knit community and low cost living.
Timberon has an unemployment rate of 7.4%. The US average is 6.0%.
Timberon has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 22.7%, which is lower than the US average of 33.5%.
Tax Rates for Timberon
- The Sales Tax Rate for Timberon is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Timberon 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 Timberon
- The average income of a Timberon resident is $20,361 a year. The US average is $37,638 a year.
- The Median household income of a Timberon resident is $0 a year. The US average is $69,021 a year.