Ruidoso, NM is a vibrant and beautiful town nestled in the Sierra Blanca Mountains. The cost of living here is lower than the US average with 2 bedroom rent for $790 as compared to $1,430 across the United States. Grocery costs are also low at 96 versus 100 which is great news for those looking to stretch their dollars.
Ruidoso boasts of an 18 hole championship golf course and breathtaking outdoor areas that make excellent hiking trails and camping opportunities. For visitors looking for more adventure-filled activities, there are plenty of places to go horseback riding or skiing at Ski Apache. Popular attractions include Hubbard Museum of the American West and Ruidoso Downs Race Track & Casino where guests can enjoy live racing and place bets on their favorite horses.
The town has numerous local companies such as Molina’s Fine Jewelry, Kit Carson Electric Cooperative Inc., Ruidoso Valley Chamber Of Commerce, High Country Home And Garden Center LLC and many more. When it comes to dining out, Ruidoso offers a wide variety of choices including The Dixie Bar & Grill that serves delicious burgers or El Paraiso Mexican Restaurant that serves up tasty Mexican dishes. There are also several unique venues like Bitter End Brew Pub where visitors can hang out with friends while sipping on some cold brews.
In addition to all these fun activities, Ruidoso hosts various family-friendly events throughout the year such as the Mardi Gras Parade in February, Taste Of The Village in June and July 4th Fireworks Spectacular in July. With so much to explore and experience there's something for everyone here in Ruidoso!
Ruidoso has an unemployment rate of 8.8%. The US average is 6.0%.
Ruidoso has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Ruidoso
- The Sales Tax Rate for Ruidoso is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Ruidoso 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 Ruidoso
- The average income of a Ruidoso resident is $28,359 a year. The US average is $37,638 a year.
- The Median household income of a Ruidoso resident is $45,414 a year. The US average is $69,021 a year.