Cliff, NM is a small town located in Southwestern New Mexico and is home to about 200 people. The cost of living in Cliff is quite low compared to the national average as 2 bedroom rent comes in at only $1,060 per month versus the US average of $1,430 for the same size apartment. Likewise, the Grocery Cost Index scores 94 locally compared to 100 nationally. Local businesses include J&L Trading Co., which specializes in western apparel and home goods, and Vinci’s Pizza & Pasta which offers tasty Italian specialties.
Cliff has an unemployment rate of 8.2%. The US average is 6.0%.
Cliff has seen the job market decrease by -7.4% over the last year. Future job growth over the next ten years is predicted to be 21.4%, which is lower than the US average of 33.5%.
Tax Rates for Cliff
- The Sales Tax Rate for Cliff is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Cliff 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 Cliff
- The average income of a Cliff resident is $24,091 a year. The US average is $37,638 a year.
- The Median household income of a Cliff resident is $33,438 a year. The US average is $69,021 a year.