Corrales, NM is a beautiful city located in Bernalillo County. The city is known for its rural atmosphere, stunning landscapes, and proximity to the Rio Grande River. It is also known for its low cost of living, with 2 bedroom rent costing $1,380 compared to the US average of $1,430. Although the overall grocery cost index is slightly higher than the US average at 103 versus 100, the benefits of living in Corrales far outweigh the costs. The area is home to many popular restaurants including Corrales Bistro Brewery and La Montanita Co-op Grocery Store. Additionally, local attractions include Corrales Bosque Preserve and Coronado State Monument.
Corrales has an unemployment rate of 8.0%. The US average is 6.0%.
Corrales 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 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Corrales
- The Sales Tax Rate for Corrales is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Corrales 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 Corrales
- The average income of a Corrales resident is $40,317 a year. The US average is $28,555 a year.
- The Median household income of a Corrales resident is $93,899 a year. The US average is $69,021 a year.