Grants, NM, located in zip code 87020 is a great place to live with all the amenities of a small city and a low cost of living. The average 2 bedroom rent in Grants is $900 per month compared to the US average of $1,430 per month, making it an affordable option for families and individuals alike. The grocery cost index for this area is 91 compared to 100 in the US, meaning that groceries are also significantly cheaper than other parts of the country. Local companies include EcoProcess Solutions that specializes in industrial wastewater treatment services, the Grants-Cibola County Chamber of Commerce which promotes local businesses and regional economic development initiatives, and Apache Corporation which provides crude oil production services throughout Grant County. With it's quality services and low cost of living, Grants is an ideal place to call home.
Grants (zip 87020) has an unemployment rate of 10.3%. The US average is 6.0%.
Grants (zip 87020) 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 Grants (zip 87020)
- The Sales Tax Rate for Grants (zip 87020) is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Grants (zip 87020) 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 Grants (zip 87020)
- The average income of a Grants (zip 87020) resident is $21,103 a year. The US average is $37,638 a year.
- The Median household income of a Grants (zip 87020) resident is $45,361 a year. The US average is $69,021 a year.