Lincoln, New Mexico (88338) is a small town with a population of 1,132. The average rent for a two bedroom home in Lincoln is $820 per month, which is lower than the US national average of $1,430. Grocery and food prices are also lower in Lincoln than the rest of the US; according to the Cost of Living Index, groceries are 95 versus 100 nationally. Lincoln has many local businesses that contribute to its economy such as El Caballo Market & Deli, Sierra Blanca Brewery, and A&C Liquor Store. Additionally, there are other services available such as Lincoln Library and Historic Museum and Elk Ridge Animal Clinic. All these businesses give residents of this small town access to necessary goods and services so they can continue to thrive.
Lincoln (zip 88338) has an unemployment rate of 8.8%. The US average is 6.0%.
Lincoln (zip 88338) has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Lincoln (zip 88338)
- The Sales Tax Rate for Lincoln (zip 88338) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Lincoln (zip 88338) 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 Lincoln (zip 88338)
- The average income of a Lincoln (zip 88338) resident is $57,409 a year. The US average is $37,638 a year.
- The Median household income of a Lincoln (zip 88338) resident is $0 a year. The US average is $69,021 a year.