Folsom, NM is a small town in San Miguel County with a population of 88419. It offers an affordable lifestyle with 2 bedroom rent for $920 compared to the national average of $1,430. In addition to its affordability, Folsom has plenty of local stores and restaurants to enjoy. Local companies such as Polvado’s Supermarket, Folsom Dairy Queen, and La Cocina Restaurant are all located in town and offer quality products and services with a Grocery Cost Index only slightly lower than the US average (98 versus 100). With its small-town charm and reasonable cost of living, Folsom is a great place to call home.
Folsom (zip 88419) has an unemployment rate of 4.3%. The US average is 6.0%.
Folsom (zip 88419) has seen the job market decrease by -12.9% over the last year. Future job growth over the next ten years is predicted to be 22.2%, which is lower than the US average of 33.5%.
Tax Rates for Folsom (zip 88419)
- The Sales Tax Rate for Folsom (zip 88419) is 6.1%. The US average is 7.3%.
- The Income Tax Rate for Folsom (zip 88419) 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 Folsom (zip 88419)
- The average income of a Folsom (zip 88419) resident is $19,543 a year. The US average is $37,638 a year.
- The Median household income of a Folsom (zip 88419) resident is $70,625 a year. The US average is $69,021 a year.