Small Town4,020 people

Bosque Farms, NM

Discover how far your salary goes in Bosque Farms. Compare taxes, rent, and living costs.

Cost Index
94
Below Average
Population

4,020

State Tax

5.9%

1BR Rent

$1,012

/month

vs National

-28%

below avg

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Rent Prices in Bosque Farms

🏠

Studio

$810

/month

$9,720/year

Most Common
🛏️

1 Bedroom

$1,012

/month

$12,144/year

🏡

2 Bedroom

$1,366

/month

$16,392/year

🏘️

3 Bedroom

$1,771

/month

$21,252/year

Taxes in New Mexico

State Income Tax

New Mexico

5.9%

For a $100k salary, that's ~$5,900/year in state taxes.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in Bosque Farms, NM?

Bosque Farms has a cost of living index of 94, which is 6% below the national average. A 1-bedroom apartment costs around $1,012/month.

What is the state income tax in New Mexico?

New Mexico has a state income tax rate of approximately 5.9%. This is in addition to federal income tax.

How much is rent in Bosque Farms?

The median rent for a 1-bedroom apartment in Bosque Farms is $1,012/month. For a 2-bedroom, expect to pay around $1,366/month. This is 28% below the national average.

Is Bosque Farms a good place to live?

Bosque Farms is a small town with a population of 4,020. The cost of living is below average, making it more affordable than average for the US.

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