Zip 87321 (Ramah, NM) Economy


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Ramah, NM is a small town of 87321 people located in McKinley County. It is a great place to live due to its affordability. The average rent for a 2 bedroom home in Ramah is $810 per month which is significantly lower than the national average of $1,430. Groceries are also cheaper here with an index rating of 90 compared to 100 in the US.
For those looking to find employment in Ramah, there are several local companies that hire residents such as J&J Construction, David’s Auto Repair Shop and Walter’s Ranch Supplies. All three of these businesses have been established for many years and offer competitive wages and great benefits. They are all excellent places to work if you are looking for long-term employment in the area.

Ramah (zip 87321) has an unemployment rate of 10.7%. The US average is 6.0%.

Ramah (zip 87321) has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.

Tax Rates for Ramah (zip 87321)
- The Sales Tax Rate for Ramah (zip 87321) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Ramah (zip 87321) 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 Ramah (zip 87321)
- The average income of a Ramah (zip 87321) resident is $16,732 a year. The US average is $28,555 a year.
- The Median household income of a Ramah (zip 87321) resident is $66,518 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRamah, New MexicoUnited States
  10.76
  -4.6%-6.2%
  24.7%33.5%
  6.8%6.2%
  4.9%4.6%
  $29,665$37,638
  $66,518$69,021
  $97,765$85,028
  Population by Occupation
  0.7%1.2%
  0.0%0.5%
  15.7%6.8%
  0.3%10.0%
  0.0%2.5%
  9.1%11.0%
  7.9%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  1.0%7.6%
  0.0%0.1%
  0.0%4.2%
  31.4%9.3%
  8.9%14.0%
  0.0%2.1%
  9.5%7.0%
  2.9%4.8%
  12.5%4.7%
Health