Columbus, NM (zip code 88029) is a small town with a population of about 1,628. It is known for its beautiful landscapes and desert terrain. The average rent for a two-bedroom apartment in Columbus is $810, which is much lower than the U.S. average of $1,430. Additionally, the Grocery Cost Index in Columbus is 90 which is also lower than the U.S index of 100. This illustrates how affordable living in Columbus can be compared to many other areas.
The city's proximity to Mexico makes it an ideal place for visitors who want to experience both cultures. There are several tourist spots such as Palomas Park Nature Reserve and the International Motorsports Hall of Fame Museum to explore during visits to Columbus. Additionally, there are several local businesses that offer goods and services such as El Paseo Market, Marcos Bakery & Tortilleria, and AutoZone for auto supplies at discounted prices.
In conclusion, Columbus (88029) offers an incredibly low cost of living with a median rent of only $810 per month for two bedrooms and Grocery Cost Index at 90 compared to 100 in the US overall. These savings are complemented by various attractions and businesses located nearby that make it an attractive place to live or visit on vacation.
Columbus (zip 88029) has an unemployment rate of 18.5%. The US average is 6.0%.
Columbus (zip 88029) has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 12.9%, which is lower than the US average of 33.5%.
Tax Rates for Columbus (zip 88029)
- The Sales Tax Rate for Columbus (zip 88029) is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Columbus (zip 88029) 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 Columbus (zip 88029)
- The average income of a Columbus (zip 88029) resident is $12,631 a year. The US average is $28,555 a year.
- The Median household income of a Columbus (zip 88029) resident is $26,417 a year. The US average is $69,021 a year.