Hidalgo County, NM Economy


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United States / New Mexico / No Metro Area / Hidalgo County / Cities / Zip Codes
Hidalgo, NM County is a great place to live with plenty of local amenities. The cost of living is low compared to the US average, making it an attractive option for those looking to rent. A two bedroom apartment in Hidalgo County costs $800 a month on average, which is substantially lower than the national average of $1430. Furthermore, grocery costs in Hidalgo are 91 points out of 100 on the Grocery Cost Index compared to the US average. Companies such as Sky City Casino Hotel, Mission Motorsports and Las Palmas Market are located in this area. Residents can enjoy all that Hidalgo County has to offer at an affordable price while also having access to several local businesses.

Hidalgo County has an unemployment rate of 6.3%. The US average is 6.0%.

Hidalgo County has seen the job market decrease by -8.2% over the last year. Future job growth over the next ten years is predicted to be 33.0%, which is lower than the US average of 33.5%.

Tax Rates for Hidalgo County
- The Sales Tax Rate for Hidalgo County is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Hidalgo 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 Hidalgo County
- The average income of a Hidalgo County resident is $23,029 a year. The US average is $37,638 a year.
- The Median household income of a Hidalgo County resident is $46,097 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHidalgo, New MexicoUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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