Fence Lake, NM is a small town located in the western part of New Mexico. This quaint town has only a population of around 300 people, but it still boasts plenty of amenities and services such as schools, restaurants, grocery stores, and more. The average 2 bedroom rent in Fence Lake is $840 per month which is slightly lower than the national average of $1,430. Additionally, the cost of food items at Fence Lake may be lower than other parts of the country due to the Grocery Cost Index being 95 compared to 100 in the US. Local companies include Snowy Mountain Ranch Trading Post for groceries and supplies, Trinity Cafe for great home-style cooking, and Don's Texaco for fuel. With plenty of beauty to explore in Fence Lake, residents can find themselves immersed with nature and appreciating all that this small town has to offer.
Fence Lake (zip 87315) has an unemployment rate of 10.3%. The US average is 6.0%.
Fence Lake (zip 87315) has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 18.3%, which is lower than the US average of 33.5%.
Tax Rates for Fence Lake (zip 87315)
- The Sales Tax Rate for Fence Lake (zip 87315) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Fence Lake (zip 87315) 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 Fence Lake (zip 87315)
- The average income of a Fence Lake (zip 87315) resident is $11,513 a year. The US average is $37,638 a year.
- The Median household income of a Fence Lake (zip 87315) resident is $0 a year. The US average is $69,021 a year.