Ocate, New Mexico (87734) is a vibrant community located in the Northeastern part of the state. It is an ideal place to live and work for those looking for a small-town atmosphere combined with plenty of amenities. The average two bedroom rent in Ocate is $820, which is considerably less than the nationwide average of $1,430. Grocery costs are also lower in Ocate than most other places, with a grocery cost index of 89 compared to the national average of 100.
The community offers a variety of services, ranging from professional to leisurely activities. For example, there are many local businesses such as Magpie Café that serves delicious meals, Albuquerque Elevator Company that specializes in elevator repair and maintenance, and Bernie's Auto Repair which offers auto repair services. There are also several retail stores including K-Mart and Ace Hardware for shopping needs. Ocate also features plenty of outdoor activities such as hiking at nearby Ute Park or visiting the nearby Rio Grande National Forest. With its amazing scenery and friendly people, it’s easy to see why Ocate remains an attractive destination for many people looking for a peaceful small-town experience.
Ocate (zip 87734) has an unemployment rate of 7.4%. The US average is 6.0%.
Ocate (zip 87734) has seen the job market decrease by -9.3% over the last year. Future job growth over the next ten years is predicted to be 25.5%, which is lower than the US average of 33.5%.
Tax Rates for Ocate (zip 87734)
- The Sales Tax Rate for Ocate (zip 87734) is 6.7%. The US average is 7.3%.
- The Income Tax Rate for Ocate (zip 87734) 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 Ocate (zip 87734)
- The average income of a Ocate (zip 87734) resident is $13,457 a year. The US average is $37,638 a year.
- The Median household income of a Ocate (zip 87734) resident is $25,224 a year. The US average is $69,021 a year.