The Carlsbad-Artesia, NM Metro Area is an affordable region with a lower cost of living than the US average. Two bedroom rent in this area is about $1,010 compared to the national average of $1,430. Additionally, groceries are cheaper in this area due to its low Grocery Cost Index of 94 compared to the US high index value of 100. Companies located in this area include Concho Resources Inc., Chevron Corporation, and Belco Resources Corporation. The local economy provides employment opportunities for residents and visitors alike, making it an attractive destination for those looking for both affordability and career opportunities.
Carlsbad-Artesia Metro Area has an unemployment rate of 7.3%. The US average is 6.0%.
Carlsbad-Artesia Metro Area has seen the job market decrease by -6.6% over the last year. Future job growth over the next ten years is predicted to be 35.1%, which is higher than the US average of 33.5%.
Tax Rates for Carlsbad-Artesia Metro Area
- The Sales Tax Rate for Carlsbad-Artesia Metro Area is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Carlsbad-Artesia 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 Carlsbad-Artesia Metro Area
- The average income of a Carlsbad-Artesia Metro Area resident is $32,560 a year. The US average is $37,638 a year.
- The Median household income of a Carlsbad-Artesia Metro Area resident is $67,759 a year. The US average is $69,021 a year.