Estancia, NM is a small town in central New Mexico located just east of the Rio Grande. It is home to a few thousand people and offers a quiet, rural living environment for those seeking a more relaxed lifestyle. With an average 2 bedroom rent of only $920, Estancia is much more affordable than other areas in the US where the average rent comes out to around $1,430. Additionally, its grocery cost index is lower than that of the US at 93 versus 100. The town has several local businesses like Otero County Electric Co-op, Estancia Valley Veterinary Services, and Estancia High School which have been serving local residents since their establishment.
Estancia has an unemployment rate of 8.8%. The US average is 6.0%.
Estancia 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 28.1%, which is lower than the US average of 33.5%.
Tax Rates for Estancia
- The Sales Tax Rate for Estancia is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Estancia 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 Estancia
- The average income of a Estancia resident is $23,442 a year. The US average is $37,638 a year.
- The Median household income of a Estancia resident is $31,319 a year. The US average is $69,021 a year.