Sierra, NM County is an area located in New Mexico that offers its citizens an affordable cost of living. Rent for a two bedroom apartment runs around $800, which is significantly lower than the national average of $1,430. Additionally, grocery costs in Sierra are about six percent lower than what they average across the US. There are many companies operating in this county such as Sierra National Bank and Sierra Oil & Gas. Both of these businesses provide jobs to local residents and ensure economic stability in the area.
Sierra County has an unemployment rate of 9.4%. The US average is 6.0%.
Sierra County has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.
Tax Rates for Sierra County
- The Sales Tax Rate for Sierra County is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Sierra 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 Sierra County
- The average income of a Sierra County resident is $18,589 a year. The US average is $28,555 a year.
- The Median household income of a Sierra County resident is $35,939 a year. The US average is $69,021 a year.