Grant County, NM Economy


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United States / New Mexico / / Grant County / Cities / Zip Codes
Grant, NM County is located in the state of New Mexico and is home to a population of about 5,000 people. It is a great location for those who are looking for an affordable place to live as the average 2 bedroom rent is only $800 compared to the US average of $1,430. Additionally, living in Grant can be very economical with its grocery cost index being 92 compared to the US average of 100. Local companies in the area include Grant County Pharmacy, Main Street Market Grocery Store & Cafe, and Outlaw Rodeo Apparel Company. There is something for everyone in this small town with plenty of budget-friendly options!

Grant County has an unemployment rate of 8.2%. The US average is 6.0%.

Grant County has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 21.4%, which is lower than the US average of 33.5%.

Tax Rates for Grant County
- The Sales Tax Rate for Grant County is 7.7%. The US average is 7.3%.
- The Income Tax Rate for Grant County 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 Grant County
- The average income of a Grant County resident is $23,411 a year. The US average is $28,555 a year.
- The Median household income of a Grant County resident is $39,429 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGrant, New MexicoUnited States
  8.26
  -7.4%-6.2%
  21.4%33.5%
  6.6%6.2%
  4.9%4.6%
  $25,801$37,638
  $39,429$69,021
  $59,475$85,028
  Population by Occupation
  2.4%1.2%
  9.1%0.5%
  6.5%6.8%
  2.2%10.0%
  0.4%2.5%
  12.4%11.0%
  2.1%4.8%
  1.2%0.8%
  1.2%1.9%
  2.1%4.7%
  1.3%1.9%
  2.6%7.6%
  0.0%0.1%
  2.6%4.2%
  14.6%9.3%
  18.1%14.0%
  1.2%2.1%
  11.1%7.0%
  4.5%4.8%
  4.3%4.7%
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