The small town of Hanover, NM 88041 offers a great quality of life for those looking for an affordable place to call home. With two bedroom rent costing only $790, it is much more affordable than the US average of $1,430. Grocery costs are also substantially lower, with the cost index at 90 compared to 100 nationally.
The city of Hanover is also home to a number of local businesses including Hogback Feed & Supply Hardware Store, Rancho Grande Supermarket and Ace Gas Station. For those who enjoy outdoor activities such as camping and fishing, nearby Black River Lake provides plenty of recreational opportunities. In addition to all these amenities there is also a public library in town where one can relax and read books or catch up with friends.
For those seeking an affordable yet comfortable place to live, Hanover, NM 88041 offers a great combination of affordability and quality amenities that make it an attractive option. With its close proximity to outdoor activities and local businesses, it is easy to see why so many people choose this small town as their home.
Hanover (zip 88041) has an unemployment rate of 8.2%. The US average is 6.0%.
Hanover (zip 88041) has seen the job market decrease by -7.4% over the last year. Future job growth over the next ten years is predicted to be 21.4%, which is lower than the US average of 33.5%.
Tax Rates for Hanover (zip 88041)
- The Sales Tax Rate for Hanover (zip 88041) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Hanover (zip 88041) 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 Hanover (zip 88041)
- The average income of a Hanover (zip 88041) resident is $20,368 a year. The US average is $37,638 a year.
- The Median household income of a Hanover (zip 88041) resident is $38,424 a year. The US average is $69,021 a year.