Las Cruces, NM is a great place to live with its relatively low 2 bedroom rent of $900 compared to the US average 2 bedroom rent of $1,430. It has a diverse set of local businesses such as Nutt Co., Rocky Mountain Chocolate Factory, and Las Cruces Publishing that give employment opportunities to locals. The city also boasts a lower unemployment rate than the national average at 4.6%. With its low grocery cost index of 92 versus 100 in the US, residents can enjoy affordable shopping experiences at local stores like Albertsons Marketplace or Target.
Las Cruces (zip 88001) has an unemployment rate of 7.1%. The US average is 6.0%.
Las Cruces (zip 88001) 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 25.5%, which is lower than the US average of 33.5%.
Tax Rates for Las Cruces (zip 88001)
- The Sales Tax Rate for Las Cruces (zip 88001) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Las Cruces (zip 88001) 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 Las Cruces (zip 88001)
- The average income of a Las Cruces (zip 88001) resident is $15,009 a year. The US average is $28,555 a year.
- The Median household income of a Las Cruces (zip 88001) resident is $31,332 a year. The US average is $69,021 a year.