Tecolotito, NM is a small town that offers its inhabitants affordability and convenience. With a two bedroom rent at $700, this is significantly lower than the national average of $1,430. Similarly, the Grocery Cost Index in Tecolotito, NM is 88 versus 100 in the US, making it a great choice for people who want to save money. The town also has several small businesses including Miguel's Mexican-American Market, an eclectic restaurant called Eddie's Eatery and Grill and the local hardware store known as Jimbo's Tools. Locals can also enjoy shopping for antiques at Montoya Mercantile or take advantage of professional services offered by Gattrell Attorneys At Law.
Tecolotito has an unemployment rate of 8.2%. The US average is 6.0%.
Tecolotito 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 21.1%, which is lower than the US average of 33.5%.
Tax Rates for Tecolotito
- The Sales Tax Rate for Tecolotito is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Tecolotito 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 Tecolotito
- The average income of a Tecolotito resident is $8,468 a year. The US average is $37,638 a year.
- The Median household income of a Tecolotito resident is $0 a year. The US average is $69,021 a year.