Encino, NM is a small town located in the San Miguel County with a population of 88321. It is known for its mild climate, which makes it an ideal location for outdoor activities like camping and fishing. The average two bedroom rent in Encino is $990, which is much lower than the national average of $1430. Living costs are also quite affordable with a Grocery Cost Index of 86 compared to 100 in the US.
Encino has many local businesses such as the Allsup’s convenience store, the Encino Post Office, Barraza’s Electric Company, and Mickey’s Café. These businesses provide employment opportunities for locals and other services to support their community. According to recent statistics, about 53% of people living in Encino earn an annual income of less than $25,000 per year.
Encino (zip 88321) has an unemployment rate of 8.8%. The US average is 6.0%.
Encino (zip 88321) has seen the job market decrease by -8.3% over the last year. Future job growth over the next ten years is predicted to be 28.1%, which is lower than the US average of 33.5%.
Tax Rates for Encino (zip 88321)
- The Sales Tax Rate for Encino (zip 88321) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Encino (zip 88321) 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 Encino (zip 88321)
- The average income of a Encino (zip 88321) resident is $14,835 a year. The US average is $37,638 a year.
- The Median household income of a Encino (zip 88321) resident is $70,680 a year. The US average is $69,021 a year.