Ventura, NM is a beautiful small town located in the state of New Mexico. It's known for its stunning landscapes and deep cultural roots. The cost of living in Ventura, NM is quite low compared to the rest of the United States. For instance, rent for a two bedroom apartment is around $1,160 per month versus $1,430 in the US overall. Additionally, grocery costs are slightly lower than average at 91 on an index scale of 100.
The local business environment in Ventura, NM is strong with many unique attractions and experiences to offer visitors and locals alike. Popular businesses include restaurants such as Little Bobs Bar & Grill and La Hacienda Grande Mexican Restaurant; shopping venues like Lucky 7 Gifts & Collectibles; recreational sites such as V’s Rv Park; and entertainment venues like Riverside Club nightclub and theater. Overall, Ventura offers something for everyone at affordable prices with its low cost of living making it a great place to call home.
Ventura has an unemployment rate of 18.5%. The US average is 6.0%.
Ventura 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 Ventura
- The Sales Tax Rate for Ventura is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Ventura 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 Ventura
- The average income of a Ventura resident is $16,870 a year. The US average is $37,638 a year.
- The Median household income of a Ventura resident is $0 a year. The US average is $69,021 a year.