87520 Chama, NM is a small town located in the Northern Mountains of New Mexico. The cost of living in 87520 Chama is much lower than the average US city, with a 2 bedroom rent of $800 compared to the US average of $1,430. Additionally, the local grocery cost index is 95 versus 100 in the US. Local businesses such as Cumbres & Toltec Scenic Railroad and the Nature Conservancy's Valle Vidal Unit make 87520 Chama an ideal place for nature-lovers and outdoor enthusiasts alike. Other businesses such as Merrily We Go Along Tea Room provide a unique shopping experience for visitors and locals alike. With its low costs of living and abundance of local attractions, 87520 Chama is an ideal place to call home.
Chama (zip 87520) has an unemployment rate of 8.0%. The US average is 6.0%.
Chama (zip 87520) has seen the job market decrease by -3.1% over the last year. Future job growth over the next ten years is predicted to be 33.2%, which is lower than the US average of 33.5%.
Tax Rates for Chama (zip 87520)
- The Sales Tax Rate for Chama (zip 87520) is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Chama (zip 87520) 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 Chama (zip 87520)
- The average income of a Chama (zip 87520) resident is $28,701 a year. The US average is $37,638 a year.
- The Median household income of a Chama (zip 87520) resident is $39,563 a year. The US average is $69,021 a year.