equestId":"5f7dd587-5ebe-420a-a2f3-e1f81e9151fe","resource":"content","data":[{"id":"txt_686086571a9b4ac2b1b9a07cb94f7ad9","text":", explain cost of living index\n \nTaos, NM 87571 is a small city located in the Sangre de Cristo mountains of northern New Mexico. It has a population of around 5,340 people and offers a variety of activities such as skiing, hiking, cultural events, and more. The 2 bedroom rent in Taos is $960 which is significantly lower than the US average of $1,430. The grocery cost index in Taos is 99 versus 100 in the US making it slightly less expensive to live here. Local companies like Kit Carson Electric Co-Op Inc., Rio Grande Ace Hardware & Garden Center, Smith’s Food & Drug Centers contribute to the economy and employ many residents. Overall, Taos offers an affordable cost of living with plenty to do and experience year round.
Taos (zip 87571) has an unemployment rate of 10.5%. The US average is 6.0%.
Taos (zip 87571) has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Taos (zip 87571)
- The Sales Tax Rate for Taos (zip 87571) is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Taos (zip 87571) 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 Taos (zip 87571)
- The average income of a Taos (zip 87571) resident is $23,266 a year. The US average is $28,555 a year.
- The Median household income of a Taos (zip 87571) resident is $48,152 a year. The US average is $69,021 a year.