Radium Springs, NM is a small town located in the south of New Mexico. It has a modest population and is known for its natural hot springs which have been used as a healing therapy since ancient times. The 2 bedroom rent in Radium Springs, NM is significantly lower compared to the US average at $850 compared to $1,430. This makes it an attractive option for those looking to save on living expenses. In addition, the Grocery Cost Index in Radium Springs is 96 versus 100 in the US making it slightly more affordable than other places. Local companies that can be found in Radium Springs include Southwest Farm Products, Ace Hardware & Supply Co., and Hadley General Store. All these businesses provide services and goods that help keep the small town alive and vibrant.
Radium Springs has an unemployment rate of 8.0%. The US average is 6.0%.
Radium Springs has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 24.0%, which is lower than the US average of 33.5%.
Tax Rates for Radium Springs
- The Sales Tax Rate for Radium Springs is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Radium Springs 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 Radium Springs
- The average income of a Radium Springs resident is $23,320 a year. The US average is $37,638 a year.
- The Median household income of a Radium Springs resident is $37,457 a year. The US average is $69,021 a year.