Portales, NM Metro Area is a great place to live with an affordable cost of living and low housing rent. The average rent for a two bedroom apartment in Portales is only $860 compared to the US average of $1,430. Groceries are also cheaper in Portales with 93 index points compared to the US average of 100. Popular local companies include Dairy Farmers of America Co-op, Lucerne Foods, Argosy University, Eastern New Mexico University and Walmart Supercenter. There are also plenty of local restaurants for visitors and residents alike to enjoy.
Portales Metro Area has an unemployment rate of 6.1%. The US average is 6.0%.
Portales Metro Area has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 23.6%, which is lower than the US average of 33.5%.
Tax Rates for Portales Metro Area
- The Sales Tax Rate for Portales Metro Area is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Portales Metro Area 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 Portales Metro Area
- The average income of a Portales Metro Area resident is $22,192 a year. The US average is $37,638 a year.
- The Median household income of a Portales Metro Area resident is $47,897 a year. The US average is $69,021 a year.