Zip 87114 (Albuquerque, NM) Economy


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87114 Albuquerque, NM is a great location for renters looking for a 2 bedroom apartment. With an average rent of $1,440, it is slightly cheaper than the US average of $1,430. Additionally, the grocery cost index in 87114 Albuquerque, NM is 97 versus 100 on the national level. There are several companies located in 87114 Albuquerque, NM such as Midtown Tech Solutions, SNS Network Solutions Inc., and A+ Home Care Solutions LLC. These companies specialize in various services ranging from home care solutions to computer technology solutions providing plenty of career options for residents living in the area.

Albuquerque (zip 87114) has an unemployment rate of 7.4%. The US average is 6.0%.

Albuquerque (zip 87114) has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.

Tax Rates for Albuquerque (zip 87114)
- The Sales Tax Rate for Albuquerque (zip 87114) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Albuquerque (zip 87114) 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 Albuquerque (zip 87114)
- The average income of a Albuquerque (zip 87114) resident is $28,077 a year. The US average is $28,555 a year.
- The Median household income of a Albuquerque (zip 87114) resident is $72,863 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAlbuquerque, New MexicoUnited States
  7.46
  -5.1%-6.2%
  34.5%33.5%
  7.9%6.2%
  4.9%4.6%
  $35,497$37,638
  $72,863$69,021
  $86,352$85,028
  Population by Occupation
  0.5%1.2%
  0.6%0.5%
  5.2%6.8%
  5.5%10.0%
  2.1%2.5%
  12.9%11.0%
  3.1%4.8%
  1.0%0.8%
  2.1%1.9%
  3.8%4.7%
  1.8%1.9%
  9.6%7.6%
  0.0%0.1%
  4.1%4.2%
  10.0%9.3%
  16.1%14.0%
  1.9%2.1%
  6.7%7.0%
  3.8%4.8%
  9.3%4.7%
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