Twin Forks, NM is a small but vibrant city located in the southwestern United States. Although it has a more rural feel than some of its larger counterparts, Twin Forks offers an array of amenities and businesses that make everyday life there comfortable and convenient. The cost of living is very reasonable, with two-bedroom rent averaging at $790 compared to the US average of $1,430. The grocery cost index in Twin Forks is also lower than the national average, coming in at 95 against 100 in the US.
The local economy boasts many companies such as Smith Auto Sales, Twin Forks Veterinary Clinic and The Garden Supplies Store. These businesses offer high quality products and services that benefit the community and their customers alike. There are also several restaurants and coffee shops scattered throughout the town to provide dining and entertainment options for locals and visitors alike.
Twin Forks has an unemployment rate of 7.4%. The US average is 6.0%.
Twin Forks has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 22.7%, which is lower than the US average of 33.5%.
Tax Rates for Twin Forks
- The Sales Tax Rate for Twin Forks is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Twin Forks is 4.9%. The US average is 4.6%.
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Income and Salaries for Twin Forks
- The average income of a Twin Forks resident is $22,615 a year. The US average is $37,638 a year.
- The Median household income of a Twin Forks resident is $0 a year. The US average is $69,021 a year.