Estancia, New Mexico (87016) is a peaceful city located in Torrance county with a population of about 1,000 residents. The two bedroom rent in this area is only $910, which is much lower compared to the national US average of $1,430. The grocery cost index here is 93 versus 100 in the US. This indicates that general goods and services are 7% cheaper than the national average. In Estancia there are many local companies such as Estancia Valley Feeds & Supply Co., MCD Elevator Company, and Southwest Ranches stores for local shopping options. Additionally, there are plenty of recreational activities such as hiking and biking trails nearby perfect for nature enthusiasts.
The cost of living can vary greatly from one region to another due to differences in wages, housing availability or costs and taxes where applicable. In Estancia you can enjoy a peaceful atmosphere with affordable housing without sacrificing amenities or access to local businesses compared to areas where prices may be much higher like larger cities or suburbs. It's important for individuals and families considering relocating to an area to research factors such as job markets, taxes or overall cost of living before making their decision so they have all the information they need about their potential new home.
Estancia (zip 87016) has an unemployment rate of 8.8%. The US average is 6.0%.
Estancia (zip 87016) 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 Estancia (zip 87016)
- The Sales Tax Rate for Estancia (zip 87016) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Estancia (zip 87016) 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 Estancia (zip 87016)
- The average income of a Estancia (zip 87016) resident is $21,999 a year. The US average is $37,638 a year.
- The Median household income of a Estancia (zip 87016) resident is $34,500 a year. The US average is $69,021 a year.