Quay County, NM Economy


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United States / New Mexico / No Metro Area / Quay County / Cities / Zip Codes
Quay, NM County is a great place to live with plenty of local businesses to choose from. The two bedroom rent in Quay, NM County is quite affordable at just $800 per month compared to the national average of $1,430. This makes it an attractive option for those looking to save money on housing costs while still enjoying the amenities that Quay offers. Additionally, grocery costs in Quay are well below the national average, clocking in at a Grocery Cost Index of 92 versus 100 nationally. Popular local companies include Main Street Café and Don's Market for all your grocery needs. With its lower than average rent cost and relatively low Grocery Cost Index, Quay county is an ideal place to live for those wanting to save money without sacrificing quality of life.

Quay County has an unemployment rate of 7.5%. The US average is 6.0%.

Quay County has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 26.0%, which is lower than the US average of 33.5%.

Tax Rates for Quay County
- The Sales Tax Rate for Quay County is 8.2%. The US average is 7.3%.
- The Income Tax Rate for Quay 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 Quay County
- The average income of a Quay County resident is $16,719 a year. The US average is $28,555 a year.
- The Median household income of a Quay County resident is $33,067 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyQuay, New MexicoUnited States
  7.56
  -6.3%-6.2%
  26.0%33.5%
  6.7%6.2%
  4.9%4.6%
  $21,501$37,638
  $33,067$69,021
  $41,122$85,028
  Population by Occupation
  4.3%1.2%
  0.3%0.5%
  7.3%6.8%
  0.9%10.0%
  0.4%2.5%
  10.4%11.0%
  6.5%4.8%
  1.2%0.8%
  0.5%1.9%
  4.3%4.7%
  1.0%1.9%
  5.6%7.6%
  0.0%0.1%
  1.0%4.2%
  10.1%9.3%
  10.1%14.0%
  1.6%2.1%
  20.2%7.0%
  6.6%4.8%
  7.7%4.7%
Health