Salem, NM 87941 is a small town home to just over 1,000 people. It's located in the Southwest corner of New Mexico and is known for its proximity to the Gila National Forest. Here, you'll find 2 bedroom rent for $790 each month - much lower than the US average of $1430. The Grocery Cost Index in Salem is also lower than the US average at 90 compared to 100.
The town of Salem features a number of local businesses including Sunny's Auto Parts, Crossroads Family Clinic, Big Valley Logging Company and more. In addition, there are several schools nearby including Hurley Elementary School, Cobre High School and Central Elementary School.
Salem (zip 87941) has an unemployment rate of 8.0%. The US average is 6.0%.
Salem (zip 87941) has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 24.0%, which is lower than the US average of 33.5%.
Tax Rates for Salem (zip 87941)
- The Sales Tax Rate for Salem (zip 87941) is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Salem (zip 87941) 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 Salem (zip 87941)
- The average income of a Salem (zip 87941) resident is $7,250 a year. The US average is $37,638 a year.
- The Median household income of a Salem (zip 87941) resident is $18,258 a year. The US average is $69,021 a year.