Miami, New Mexico is a small city located in the heart of Quay County. With a population of just over 1,000 people, it is an ideal place to settle down and enjoy the peace and quiet that this rural town has to offer. In addition to the peaceful atmosphere, residents can also find great deals on housing. The two bedroom rent in Miami is $1,650 compared to the US average of $1,430 - a bargain for those looking for an affordable place to live. Additionally, the Grocery Cost Index is 98 versus 100 in the US – yet another great way for residents to save money while living in Miami.
Local companies include Tally's Restaurant & Bar which offers great food and drinks 24/7; Greer Family Pharmacy which provides prescription medication services; and Tri-State Motors which specializes in new and used cars and trucks.
Three facts about Miami are that it was founded in 1886; its founder was named after his hometown of Miami Beach; and it is home to Fidel Coronado Aquatic Park which offers visitors a chance to explore water slides or relax with friends by the pool.
Miami (zip 87729) has an unemployment rate of 7.1%. The US average is 6.0%.
Miami (zip 87729) has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 9.9%, which is lower than the US average of 33.5%.
Tax Rates for Miami (zip 87729)
- The Sales Tax Rate for Miami (zip 87729) is 6.1%. The US average is 7.3%.
- The Income Tax Rate for Miami (zip 87729) 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 Miami (zip 87729)
- The average income of a Miami (zip 87729) resident is $19,800 a year. The US average is $28,555 a year.
- The Median household income of a Miami (zip 87729) resident is $25,313 a year. The US average is $69,021 a year.