Alamo, NM is a small town located in Dona Ana County with an estimated population of 87825. It's known for its affordable cost of living, with an average 2 bedroom rent cost of only $810 a month compared to the US average of $1,430. Grocery costs are also relatively low at an index of 89 compared to the national average index of 100. There are many businesses in Alamo that contribute to its economy such as Torrey's grocery stores, Alamo Auto Repair and Liberty Tax Service. Other amenities include the Alamo Public Library and Riverview Park. All of these features make it a great location for those looking for a budget friendly place to live.
Alamo (zip 87825) has an unemployment rate of 6.6%. The US average is 6.0%.
Alamo (zip 87825) has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 27.2%, which is lower than the US average of 33.5%.
Tax Rates for Alamo (zip 87825)
- The Sales Tax Rate for Alamo (zip 87825) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Alamo (zip 87825) 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 Alamo (zip 87825)
- The average income of a Alamo (zip 87825) resident is $16,832 a year. The US average is $37,638 a year.
- The Median household income of a Alamo (zip 87825) resident is $25,603 a year. The US average is $69,021 a year.