Corona, NM is a small town located in New Mexico with a unique charm that makes it special. It offers an excellent quality of life with an affordable cost of living compared to the US average. The median two bedroom rent in Corona, NM is only $1,040 compared to the US median two bedroom rent of $1,430. Additionally, the Grocery Cost Index in Corona is only 98 versus 100 in the US. Popular local companies include Santa Fe Farms, Pecos Valley Produce, and Calabacitas LLC which are all well-known for their locally sourced produce. All in all, Corona is a great place to live for those looking for an affordable cost of living without sacrificing on quality.
Corona has an unemployment rate of 8.8%. The US average is 6.0%.
Corona has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Corona
- The Sales Tax Rate for Corona is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Corona 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 Corona
- The average income of a Corona resident is $28,118 a year. The US average is $37,638 a year.
- The Median household income of a Corona resident is $31,250 a year. The US average is $69,021 a year.