Roswell, NM Metro Area is home to a variety of top-notch companies and organizations. For instance, Roswell is home to the largest dairy in the Southwest, Dairy Farmers of America, which has been producing high-quality dairy products since its opening in 1991. Additionally, Roswell is home to an array of industries such as the oil and gas industry, aerospace research and development firms, and agricultural businesses. With an average 2 bedroom rent being significantly lower than the national rent rate at $890 versus $1,430 respectively, this makes Roswell a great place for families to find affordable housing. Furthermore, with a grocery cost index of 91 compared to 100 nationally, consumers can find their essential food items for less in this area. All these factors coupled together make Roswell Metro Area an attractive option for many businesses and families alike.
Roswell Metro Area has an unemployment rate of 7.7%. The US average is 6.0%.
Roswell Metro Area has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 21.5%, which is lower than the US average of 33.5%.
Tax Rates for Roswell Metro Area
- The Sales Tax Rate for Roswell Metro Area is 7.7%. The US average is 7.3%.
- The Income Tax Rate for Roswell 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 Roswell Metro Area
- The average income of a Roswell Metro Area resident is $24,329 a year. The US average is $37,638 a year.
- The Median household income of a Roswell Metro Area resident is $47,620 a year. The US average is $69,021 a year.