Rodeo, New Mexico is a small city located in Hidalgo County. This vibrant city offers its residents a rural feel while being just 8 miles away from Lordsburg, another larger town. With a population of 88056 people, Rodeo is an ideal place to settle down with your family.
The median 2 Bedroom Rent in Rodeo is $890 which is significantly lower than the US national average of $1,430. Additionally, the Grocery Cost Index in Rodeo is 92 versus 100 in the US nationwide making it an affordable option for families and individuals looking for an affordable place to live.
Rodeo has numerous companies that make this city so desirable including Lordsburg Trucking Center, Inc., Hamill Family Farms Inc., and Rodeo City Properties LLC. These businesses offer locals various jobs and opportunities that come with economic stability.
All in all, Rodeo is an amazing city with great amenities at much lower costs than other cities across the United States. The relatively low rent rates and grocery cost index make it easier for individuals or families looking to settle down here without having to worry about spending too much money on monthly expenses.
Rodeo (zip 88056) has an unemployment rate of 6.3%. The US average is 6.0%.
Rodeo (zip 88056) has seen the job market decrease by -8.2% over the last year. Future job growth over the next ten years is predicted to be 33.0%, which is lower than the US average of 33.5%.
Tax Rates for Rodeo (zip 88056)
- The Sales Tax Rate for Rodeo (zip 88056) is 6.2%. The US average is 7.3%.
- The Income Tax Rate for Rodeo (zip 88056) 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 Rodeo (zip 88056)
- The average income of a Rodeo (zip 88056) resident is $28,211 a year. The US average is $37,638 a year.
- The Median household income of a Rodeo (zip 88056) resident is $58,388 a year. The US average is $69,021 a year.