Valencia, NM is a small town with a population of just over 12,000 people. The cost of living in Valencia is much lower than the US average, with 2 Bedroom rent averaging $1200 compared to $1430 in the US and a Grocery Cost Index of 93 versus 100 in the US. Despite its size, Valencia is home to many local companies such as La Fiesta Bakery & Cafe which serves traditional Mexican dishes at affordable prices, A+ Flooring that offers quality flooring options for homes and businesses, and M&M Auto Repair that provides reliable automotive services. All these companies offer great products and services for residents in Valencia.
Valencia (Valencia County) has an unemployment rate of 8.0%. The US average is 6.0%.
Valencia (Valencia County) has seen the job market decrease by -5.4% over the last year. Future job growth over the next ten years is predicted to be 32.7%, which is lower than the US average of 33.5%.
Tax Rates for Valencia (Valencia County)
- The Sales Tax Rate for Valencia (Valencia County) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Valencia (Valencia County) 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 Valencia (Valencia County)
- The average income of a Valencia (Valencia County) resident is $32,909 a year. The US average is $37,638 a year.
- The Median household income of a Valencia (Valencia County) resident is $67,022 a year. The US average is $69,021 a year.