Rio Rancho, New Mexico (87124) has an average two bedroom rental rate of $1,270 compared to the US's average of $1,430. It's Grocery Cost Index is also lower than the US at 95 instead of 100. Residents may also find comfort in the many local amenities such as hiking trails at Rio Rancho Parks and Recreation, shopping at Cottonwood Mall or Pavilion Plaza Shopping Center and golf courses like Santa Ana Star Golf Course. Other popular businesses include The Range Café Rio Rancho, Los Poblanos Historic Inn and Organic Farm, El Pinto Restaurant & Cantina and Jersey Mike’s Subs. Those looking for a relaxing evening can visit the Center for Spiritual Living to reflect on their day.
Rio Rancho (zip 87124) has an unemployment rate of 7.6%. The US average is 6.0%.
Rio Rancho (zip 87124) has seen the job market increase by 3.4% over the last year. Future job growth over the next ten years is predicted to be 37.9%, which is higher than the US average of 33.5%.
Tax Rates for Rio Rancho (zip 87124)
- The Sales Tax Rate for Rio Rancho (zip 87124) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Rio Rancho (zip 87124) 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 Rio Rancho (zip 87124)
- The average income of a Rio Rancho (zip 87124) resident is $30,873 a year. The US average is $37,638 a year.
- The Median household income of a Rio Rancho (zip 87124) resident is $63,826 a year. The US average is $69,021 a year.