South Valley, NM
Discover how far your salary goes in South Valley. Compare taxes, rent, and living costs.
38,338
5.9%
$1,131
/month
-19%
below avg
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Rent Prices in South Valley
Studio
$905
/month
$10,860/year
1 Bedroom
$1,131
/month
$13,572/year
2 Bedroom
$1,527
/month
$18,324/year
3 Bedroom
$1,979
/month
$23,748/year
Taxes in New Mexico
State Income Tax
New Mexico
For a $100k salary, that's ~$5,900/year in state taxes.
Federal Income Tax
Same nationwide
Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.
Learn how tax brackets workMore Affordable Alternatives
Cities with lower cost of living where your money goes further:
Frequently Asked Questions
What is the cost of living in South Valley, NM?▼
South Valley has a cost of living index of 96, which is 4% below the national average. A 1-bedroom apartment costs around $1,131/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 South Valley?▼
The median rent for a 1-bedroom apartment in South Valley is $1,131/month. For a 2-bedroom, expect to pay around $1,527/month. This is 19% below the national average.
Is South Valley a good place to live?▼
South Valley is a town with a population of 38,338. The cost of living is below average, making it more affordable than average for the US.
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