Chamisal, New Mexico is located on the northern border of Taos County and is part of the Española micropolitan area. It has a population of 87521 people and offers a lower cost of living than many other places in the US. The 2 bedroom rent in this area is $960 which is much lower than the national average of $1,430. The grocery cost index is also 94 compared to the US index of 100.
The economy in Chamisal largely depends on tourism from visitors who come to explore the numerous local attractions such as Ojo Caliente Mineral Springs Resort & Spa, Rio Grande Gorge Bridge, and Chimayo Trading Post. There are several restaurants and shops that locals can enjoy including Taos Pizza Outback Grill and Pizzeria, La Cueva Del Llano Restaurant, Taos Mesa Brewing Mothership Pub & Grub cafe and many more. If you’re looking for a wide selection of groceries there are stores like Smith’s Food & Drug Center and Natural Grocers by Vitamin Cottage nearby.
Chamisal (zip 87521) has an unemployment rate of 10.5%. The US average is 6.0%.
Chamisal (zip 87521) has seen the job market decrease by -7.8% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Chamisal (zip 87521)
- The Sales Tax Rate for Chamisal (zip 87521) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Chamisal (zip 87521) 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 Chamisal (zip 87521)
- The average income of a Chamisal (zip 87521) resident is $24,218 a year. The US average is $37,638 a year.
- The Median household income of a Chamisal (zip 87521) resident is $0 a year. The US average is $69,021 a year.