Blue Diamond, NV is an unincorporated town located in the valley of the same name. It lies just 15 miles south of Las Vegas and is home to a mix of local farms and businesses. With a population of about 5,000 residents, it’s a small but bustling community with plenty to offer. The area is known for its low 2 bedroom rent prices at just $1,560 per month and reasonably priced groceries with a grocery cost index of 108 (100 is the US average).
The local economy in Blue Diamond is largely driven by farming activities such as Tree Top Farms and Mom & Pop Farms. There are also several businesses within the city limits including Big ED's Automotive, Blue Diamond Bike & Board Shop, Blue Diamond Mercantile, and Green Valley Bail Bonds. All these companies help create jobs and spur economic growth for the townsfolk.
Blue Diamond (zip 89004) has an unemployment rate of 8.8%. The US average is 6.0%.
Blue Diamond (zip 89004) has seen the job market decrease by -13.2% over the last year. Future job growth over the next ten years is predicted to be 40.3%, which is higher than the US average of 33.5%.
Tax Rates for Blue Diamond (zip 89004)
- The Sales Tax Rate for Blue Diamond (zip 89004) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Blue Diamond (zip 89004) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Blue Diamond (zip 89004)
- The average income of a Blue Diamond (zip 89004) resident is $31,397 a year. The US average is $37,638 a year.
- The Median household income of a Blue Diamond (zip 89004) resident is $66,328 a year. The US average is $69,021 a year.