Colfax, NM County is a beautiful part of the United States. Home to a variety of businesses and residents, it offers much in terms of local amenities at an affordable price. The two bedroom rent in Colfax, NM County is only $800, which is significantly lower than the national average of $1,430 per month. Additionally, the grocery cost index in Colfax is 94 compared to 100 nationally. This makes this location an ideal spot for those looking for affordable living with plenty of job opportunities nearby. Local companies include JBS Livestock Commodities Inc., M&M Feed & Supply, and the Colfax Dairy Queen. These businesses bring value to the community by providing employment opportunities and essential goods and services to residents and visitors alike.
Colfax County has an unemployment rate of 7.1%. The US average is 6.0%.
Colfax County has seen the job market decrease by -8.5% over the last year. Future job growth over the next ten years is predicted to be 9.9%, which is lower than the US average of 33.5%.
Tax Rates for Colfax County
- The Sales Tax Rate for Colfax County is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Colfax 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 Colfax County
- The average income of a Colfax County resident is $25,131 a year. The US average is $37,638 a year.
- The Median household income of a Colfax County resident is $39,483 a year. The US average is $69,021 a year.