Hope, New Mexico is a small town located in Eddy county with a population of 88250. It is known for its peaceful and tranquil atmosphere and provides an affordable place to live. The two bedroom rent in Hope is just $1,020 compared to the US average of $1,430 making it an ideal location for those looking to save money on rent. Additionally, the grocery cost index in Hope is also much lower than the US average at 94 versus 100. This cost can be further reduced by frequenting local businesses such as the Hope Mercantile Grocery Store, G & L True Value Hardware, or Bode's Automotive Repair & Performance Parts. All of these companies provide excellent service at reasonable prices for the citizens of Hope and its surrounding areas.
Hope (zip 88250) has an unemployment rate of 7.3%. The US average is 6.0%.
Hope (zip 88250) has seen the job market decrease by -6.6% over the last year. Future job growth over the next ten years is predicted to be 35.1%, which is higher than the US average of 33.5%.
Tax Rates for Hope (zip 88250)
- The Sales Tax Rate for Hope (zip 88250) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Hope (zip 88250) 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 Hope (zip 88250)
- The average income of a Hope (zip 88250) resident is $30,079 a year. The US average is $37,638 a year.
- The Median household income of a Hope (zip 88250) resident is $0 a year. The US average is $69,021 a year.