88020 Cotton City, NM is a small town located in the heart of New Mexico. It has a population of around 4,000 people and offers its residents a great quality of life. 2 bedroom rent in Cotton City averages at $800 which is far more affordable than the U.S average ($1,430). The grocery cost index in Cotton City is 90 versus 100 in the US making it an ideal place for those looking to save money on groceries. The town also offers a wide variety of local businesses from Farmers Markets to specialty stores. There are numerous restaurants offering locally-sourced cuisine; coffee shops with freshly-brewed coffee and tea; and plenty of shopping boutiques offering unique items from local artisans. For those looking for something different there are several craft breweries, wineries and distilleries to choose from as well as outdoor activities like fishing, hiking and camping. 88020 Cotton City, NM is definitely worth visiting for its affordability and small-town charm!
Cotton City (zip 88020) has an unemployment rate of 6.3%. The US average is 6.0%.
Cotton City (zip 88020) has seen the job market increase by 4.3% over the last year. Future job growth over the next ten years is predicted to be 33.0%, which is lower than the US average of 33.5%.
Tax Rates for Cotton City (zip 88020)
- The Sales Tax Rate for Cotton City (zip 88020) is 6.2%. The US average is 7.3%.
- The Income Tax Rate for Cotton City (zip 88020) 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 Cotton City (zip 88020)
- The average income of a Cotton City (zip 88020) resident is $29,591 a year. The US average is $28,555 a year.
- The Median household income of a Cotton City (zip 88020) resident is $52,500 a year. The US average is $69,021 a year.