Valencia County, New Mexico is a great place to live, work, and play. The county is home to several great companies like Intel Corporation and Xcel Energy. Valencia County also offers an affordable cost of living as shown by the 2 bedroom rent of $1,140 in comparison to the US average of $1,430. This low rent can be attributed to a Grocery Cost Index of 94 compared to 100 in the US. All these factors make Valencia County the perfect place for those looking for affordable yet quality living options.
Valencia County has an unemployment rate of 8.0%. The US average is 6.0%.
Valencia County has seen the job market decrease by -5.4% over the last year. Future job growth over the next ten years is predicted to be 32.7%, which is lower than the US average of 33.5%.
Tax Rates for Valencia County
- The Sales Tax Rate for Valencia County is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Valencia 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 Valencia County
- The average income of a Valencia County resident is $26,295 a year. The US average is $37,638 a year.
- The Median household income of a Valencia County resident is $53,752 a year. The US average is $69,021 a year.