Taos County in New Mexico affords a lower cost of living than the average across the United States. Specifically, rent for a two bedroom is just $940 versus $1430 nationally, and grocery costs are 97 versus 100 in the U.S. This makes Taos county an attractive option for those looking to cut living expenses or who seek a more affordable lifestyle. The area also offers plenty to do and is home to numerous local businesses, such as Taos Ski Valley, Red River Brewery, and Taos Pueblo Trading Company. Even with its lower prices, Taos County offers all the benefits of a bustling community including outdoor activities, cultural attractions, great restaurants, and more.
Taos County has an unemployment rate of 10.5%. The US average is 6.0%.
Taos County has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Taos County
- The Sales Tax Rate for Taos County is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Taos 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 Taos County
- The average income of a Taos County resident is $22,107 a year. The US average is $28,555 a year.
- The Median household income of a Taos County resident is $49,481 a year. The US average is $69,021 a year.