Jarales, NM is a small rural town located in the Southwestern United States. The 2 bedroom rent rate in Jarales is $1,020, compared to the national average of $1,430 for two bedrooms, making it a slightly more affordable place to live. Additionally, the grocery cost index in Jarales is 91 compared to 100 nationally. This lower cost of living makes Jarales an attractive option for families on a tighter budget.
The economy in Jarales is small but vibrant. Local businesses like La Vaca Market and Cafe Fiesta provide locals with groceries and food respectively; D&L Tires offers auto services; and Cortez RV Sales & Repair caters to those with recreational vehicle needs. Overall, Jarales provides residents with a variety of services while keeping costs low due to its lower cost of living when compared to other areas in the US.
Jarales has an unemployment rate of 8.0%. The US average is 6.0%.
Jarales has seen the job market decrease by -5.4% 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 Jarales
- The Sales Tax Rate for Jarales is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Jarales 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 Jarales
- The average income of a Jarales resident is $27,049 a year. The US average is $37,638 a year.
- The Median household income of a Jarales resident is $48,354 a year. The US average is $69,021 a year.