The small town of Monument, NM (zip code 88265) offers residents an affordable cost of living. According to current estimates, the average 2 bedroom rent in Monument is $1,040; this is significantly lower than the national average of $1,430. Additionally, the grocery cost index in Monument is 93 versus 100 in the US. This means that people living in and around Monument may be able to stretch their paychecks further than other parts of the country.
Monument also has a wide variety of local businesses that give residents job opportunities and contribute to the area's economy. Notable companies in Monument include Chili's Grill & Bar, Papa John's Pizza and Sonic Drive-In. All these businesses have proven to be reliable sources of work for many locals and have helped sustain Monument's economy for years.
Overall, it seems that Monument offers an attractive option for those looking for a place to live with an affordable cost of living and different job opportunities. The low rent prices and grocery cost index make it easier for locals to save money on living costs compared to other parts of the US.
Monument (zip 88265) has an unemployment rate of 11.3%. The US average is 6.0%.
Monument (zip 88265) 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 Monument (zip 88265)
- The Sales Tax Rate for Monument (zip 88265) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Monument (zip 88265) 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 Monument (zip 88265)
- The average income of a Monument (zip 88265) resident is $47,480 a year. The US average is $37,638 a year.
- The Median household income of a Monument (zip 88265) resident is $0 a year. The US average is $69,021 a year.