88081 Chaparral, NM is a great place to live for those looking for an affordable place to call home. The 2 bedroom rent in this area is only $840 per month, far below the national average of $1,430. Additionally, the Grocery Cost Index in 88081 Chaparral, NM is 91 compared to the US index of 100. This means that groceries and other necessary items are even more affordable than other areas of the country.
The local economy in 88081 Chaparral is bustling with several notable businesses based in the area. These include Aspen Steel Fabricators Inc., Chaparral Electric Co-Op Inc., Wilson Land Services LLC, and L&R Fire Protection Inc. New residents will easily be able to find employment opportunities at one of these fine establishments or any number of other companies located nearby.
Chaparral (zip 88081) has an unemployment rate of 8.0%. The US average is 6.0%.
Chaparral (zip 88081) has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 24.0%, which is lower than the US average of 33.5%.
Tax Rates for Chaparral (zip 88081)
- The Sales Tax Rate for Chaparral (zip 88081) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Chaparral (zip 88081) 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 Chaparral (zip 88081)
- The average income of a Chaparral (zip 88081) resident is $10,798 a year. The US average is $28,555 a year.
- The Median household income of a Chaparral (zip 88081) resident is $33,992 a year. The US average is $69,021 a year.