Arenas Valley, New Mexico (zip code 88022) is an excellent place to live for those looking for a more affordable lifestyle. The average two-bedroom rent in the area is $820, compared to $1,430 in the US as a whole. Grocery costs are also lower, with the local grocery cost index at 91 versus 100 in the US.
The area boasts plenty of activities and places to explore. There are several businesses in the area that offer services such as pool cleaning or auto repair. Local restaurants include Los Fronterizos Taco Shop offering delicious Mexican food and Nat's Bar-B-Q providing soul food favorites like mac n cheese and collard greens. Whatever you're looking for, there's something here for everyone in Arenas Valley!
Arenas Valley (zip 88022) has an unemployment rate of 8.2%. The US average is 6.0%.
Arenas Valley (zip 88022) has seen the job market decrease by -7.4% over the last year. Future job growth over the next ten years is predicted to be 21.4%, which is lower than the US average of 33.5%.
Tax Rates for Arenas Valley (zip 88022)
- The Sales Tax Rate for Arenas Valley (zip 88022) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Arenas Valley (zip 88022) 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 Arenas Valley (zip 88022)
- The average income of a Arenas Valley (zip 88022) resident is $19,812 a year. The US average is $37,638 a year.
- The Median household income of a Arenas Valley (zip 88022) resident is $37,222 a year. The US average is $69,021 a year.