Springer, New Mexico is a small town located in Colfax County with an estimated population of just 87747 residents. It offers a relaxed lifestyle surrounded by nature, and the cost of living is more affordable than most cities in the United States. The average rent for a two bedroom residence in Springer is $710, versus the US average of $1,430. Groceries are also more affordable in this city; the grocery cost index here is 92 compared to 100 on the national scale.
Springer’s local economy is mainly sustained by agriculture and forestry industries. Popular local companies include Ace Hardware, Smith’s Catering & Smokehouse BBQ, Lander Implement Co., Springer Grain Co., Log Cabin Country Store and Cafe, Springer Drugs Pharmacy, K&K Auto Parts Inc., and High Peaks Outfitters LLC. All these offer competitive prices as well as quality products and services.
Springer (zip 87747) has an unemployment rate of 7.1%. The US average is 6.0%.
Springer (zip 87747) has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 9.9%, which is lower than the US average of 33.5%.
Tax Rates for Springer (zip 87747)
- The Sales Tax Rate for Springer (zip 87747) is 6.1%. The US average is 7.3%.
- The Income Tax Rate for Springer (zip 87747) 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 Springer (zip 87747)
- The average income of a Springer (zip 87747) resident is $15,794 a year. The US average is $28,555 a year.
- The Median household income of a Springer (zip 87747) resident is $57,153 a year. The US average is $69,021 a year.