McDonald, New Mexico is a small city located in the state's Colfax County. The population of McDonald is estimated to be around 88262 people. The cost of renting a 2 bedroom apartment in McDonald is much lower than in the US at $1,030 compared to an average of $1,430 nationally. Similarly, the grocery cost index of 93 in McDonald is 7 points lower than that of the US.
In terms of local businesses, there are a few notable companies operating in McDonald. Storagemaxx Self Storage provides customers with storage services for items such as furniture and excess household belongings. The Donut Mill offers fresh baked goods and other snacks while the Casa De Suenos Salon & Spa provides hair styling services and beauty treatments for those looking to pamper themselves. For those needing car repairs or maintenance, Martinez Automotive Service can help with that too.
Mc Donald (zip 88262) has an unemployment rate of 11.3%. The US average is 6.0%.
Mc Donald (zip 88262) has seen the job market decrease by -12.8% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Mc Donald (zip 88262)
- The Sales Tax Rate for Mc Donald (zip 88262) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Mc Donald (zip 88262) 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 Mc Donald (zip 88262)
- The average income of a Mc Donald (zip 88262) resident is $23,917 a year. The US average is $37,638 a year.
- The Median household income of a Mc Donald (zip 88262) resident is $0 a year. The US average is $69,021 a year.