Cloudcroft, NM (88317) has a cost of living that's much lower than the US average. With a 2 Bedroom rent of $810, it's significantly cheaper than the US average of $1,430. Not only is rent more affordable in Cloudcroft, but grocery costs are also lower as the Grocery Cost Index is 95 compared to 100 in the US. Living in this small town is made easier by many local businesses. There are plenty of restaurants such as The Copper Kettle Cafe & Bakery and Foxfire Ranch BBQ Smokehouse Grill & Tavern that residents can enjoy for quality food. For shopping options, there are stores like Cloudcroft Mercantile and Cloudcroft Food Mart where locals can buy groceries and other goods at an affordable price. All these amenities make Cloudcroft a great place to live!
Cloudcroft (zip 88317) has an unemployment rate of 7.4%. The US average is 6.0%.
Cloudcroft (zip 88317) has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 22.7%, which is lower than the US average of 33.5%.
Tax Rates for Cloudcroft (zip 88317)
- The Sales Tax Rate for Cloudcroft (zip 88317) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Cloudcroft (zip 88317) 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 Cloudcroft (zip 88317)
- The average income of a Cloudcroft (zip 88317) resident is $32,576 a year. The US average is $37,638 a year.
- The Median household income of a Cloudcroft (zip 88317) resident is $49,143 a year. The US average is $69,021 a year.