Small Town696 people

Ojo Amarillo, NM

Discover how far your salary goes in Ojo Amarillo. Compare taxes, rent, and living costs.

Cost Index
94
Below Average
Population

696

State Tax

5.9%

1BR Rent

$1,012

/month

vs National

-28%

below avg

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Rent Prices in Ojo Amarillo

🏠

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 Ojo Amarillo, NM?

Ojo Amarillo 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 Ojo Amarillo?

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

Is Ojo Amarillo a good place to live?

Ojo Amarillo is a small town with a population of 696. The cost of living is below average, making it more affordable than average for the US.

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