87035 Moriarty, NM is a small city located in the eastern part of New Mexico. It has an estimated population of 1,800 people and has a rural landscape with rolling plains and wide open skies. The cost of living is relatively low compared to other cities around the country. The average two bedroom rent costs $960 per month here, which is significantly lower than the US average of $1,430 per month. Grocery Cost Index for this area is 92 compared to the national average of 100.
The local economy is driven mainly by tourism due to its proximity to Albuquerque and Santa Fe and also by agriculture based industries such as farming, ranching and dairying. There are several local companies that cater to this sector such as All American Dairy LLC, Moriarty Farm & Ranch Supply, Pecos Valley Trading Co., and Sagrada Harvest Farms. Additionally there are construction companies like H & R Construction Co., Johnson Builders Inc., Waren Construction Solutions and Precision Electric Inc., as well as restaurants like Chaco Grill & Bar, El Ranchito Mexican Restaurant & Bar and Moriarty Cafe that make up the local businesses in 87035 Moriarty area.
Moriarty (zip 87035) has an unemployment rate of 8.8%. The US average is 6.0%.
Moriarty (zip 87035) has seen the job market decrease by -8.3% over the last year. Future job growth over the next ten years is predicted to be 28.1%, which is lower than the US average of 33.5%.
Tax Rates for Moriarty (zip 87035)
- The Sales Tax Rate for Moriarty (zip 87035) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Moriarty (zip 87035) 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 Moriarty (zip 87035)
- The average income of a Moriarty (zip 87035) resident is $19,052 a year. The US average is $37,638 a year.
- The Median household income of a Moriarty (zip 87035) resident is $45,724 a year. The US average is $69,021 a year.