Belen, NM is a city located in Valencia County and offers affordable housing and living costs. The average two bedroom rent is just $1,030 compared to the national average of $1,430 making it a great place for those looking to move without breaking their budget. Grocery prices are also relatively low as the cost index in Belen is 91 compared to 100 nationally. The city has plenty of local companies such as Beltran’s Custom Cabinets, A Precious Touch Cleaning Service, and C&G Automotive Repair & Towing that can provide employment and other opportunities.
Belen has an unemployment rate of 8.0%. The US average is 6.0%.
Belen has seen the job market increase by 3.4% 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 Belen
- The Sales Tax Rate for Belen is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Belen 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 Belen
- The average income of a Belen resident is $14,997 a year. The US average is $28,555 a year.
- The Median household income of a Belen resident is $36,954 a year. The US average is $69,021 a year.