88116 Elida, NM is a great place to live. With an affordable 2 Bedroom rent of $770 compared to the US average of $1,430, it's easy to see why people are flocking to this charming community. Not only is rent relatively low, the cost of groceries is also very reasonable with a Grocery Cost Index of 91 compared to the US index of 100. There are plenty of local businesses in 88116 Elida, NM such as Elida Trading Post, K & G Country Store and Tackle & Gun Shop that are sure to provide you with everything you need for your stay. The median rent for a two-bedroom apartment in 88116 Elida, NM is $685 per month.
Elida (zip 88116) has an unemployment rate of 6.1%. The US average is 6.0%.
Elida (zip 88116) has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 23.6%, which is lower than the US average of 33.5%.
Tax Rates for Elida (zip 88116)
- The Sales Tax Rate for Elida (zip 88116) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Elida (zip 88116) 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 Elida (zip 88116)
- The average income of a Elida (zip 88116) resident is $36,525 a year. The US average is $37,638 a year.
- The Median household income of a Elida (zip 88116) resident is $56,458 a year. The US average is $69,021 a year.