Truth or Consequences, NM is an attractive place to live because of its low living costs. The average two-bedroom rent is $790 per month, which is significantly lower than the average of $1,430 in the US. Additionally, the grocery cost index in Truth or Consequences is 90 compared to 100 in the US. Residents of Truth or Consequences enjoy a variety of local services and businesses such as Los Henequenes Mexican Restaurant, Texas Club Bar & Grill, Sierra Inn Motel, and Heidelberg Distributing Company. All these companies provide excellent amenities for residents and visitors alike.
Truth or Consequences has an unemployment rate of 9.4%. The US average is 6.0%.
Truth or Consequences has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.
Tax Rates for Truth or Consequences
- The Sales Tax Rate for Truth or Consequences is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Truth or Consequences 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 Truth or Consequences
- The average income of a Truth or Consequences resident is $24,501 a year. The US average is $37,638 a year.
- The Median household income of a Truth or Consequences resident is $28,837 a year. The US average is $69,021 a year.