Grants, NM Metro Area is an ideal place to live as it offers low costs of living and plenty of local businesses. The two bedroom rent in Grants, NM Metro Area is $820 which is significantly lower than the average US rental rate of $1,430. Furthermore, the grocery cost index in Grants, NM Metro Area is 90 versus 100 in the US which makes it even more attractive to people looking for an affordable yet comfortable lifestyle. There are many local businesses located in Grants, NM metro area such as Copper Star Coffee House, Basket Shop Gifts & Collectibles and Ashley's Feed Store. All these companies provide excellent quality products and services that are beneficial for people living in Grants, NM Metro Area.
Grants Metro Area has an unemployment rate of 10.3%. The US average is 6.0%.
Grants Metro Area has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 18.3%, which is lower than the US average of 33.5%.
Tax Rates for Grants Metro Area
- The Sales Tax Rate for Grants Metro Area is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Grants 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 Grants Metro Area
- The average income of a Grants Metro Area resident is $16,362 a year. The US average is $28,555 a year.
- The Median household income of a Grants Metro Area resident is $47,300 a year. The US average is $69,021 a year.