Hernandez, New Mexico is a small town located 8 miles south of Las Vegas, NM. It has a population of 87537 which makes it an ideal location for those looking for an affordable lifestyle. The 2 bedroom rental in Hernandez is much lower than the national average, costing only $780 per month. Furthermore, grocery costs in this area are quite low, with an index rating of 95 compared to 100 in the US. Residents are able to save money on everyday essentials and still have enough left over for leisure activities such as shopping at local establishments like Walmart or Kmart. The region also features a variety of small businesses including restaurants, auto repair shops, supermarkets and pharmacies that offer competitive prices for their services. Overall, living in Hernandez is extremely affordable when compared to many other areas and provides plenty of opportunities to save money while enjoying a good quality of life.
Hernandez (zip 87537) has an unemployment rate of 8.0%. The US average is 6.0%.
Hernandez (zip 87537) has seen the job market decrease by -3.1% over the last year. Future job growth over the next ten years is predicted to be 33.2%, which is lower than the US average of 33.5%.
Tax Rates for Hernandez (zip 87537)
- The Sales Tax Rate for Hernandez (zip 87537) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Hernandez (zip 87537) 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 Hernandez (zip 87537)
- The average income of a Hernandez (zip 87537) resident is $23,883 a year. The US average is $37,638 a year.
- The Median household income of a Hernandez (zip 87537) resident is $34,453 a year. The US average is $69,021 a year.