Situated in Tierra Amarilla, New Mexico, 87575 offers a great place to live. The two bedroom rent here is $800 per month which is significantly lower than the US average of $1,430 for a two bedroom home. This makes it an attractive option for renters looking for affordable housing. Additionally, the Grocery Cost Index in this area is 102 in comparison to 100 in the US, making it slightly more expensive to buy groceries here. There are plenty of local businesses that one can explore such as Trujillo Store & Gas Station, Tierra Amarilla Motel & RV Park, Valle De Los Indios Mexican Restaurant, and more.
Tierra Amarilla (zip 87575) has an unemployment rate of 8.0%. The US average is 6.0%.
Tierra Amarilla (zip 87575) has seen the job market decrease by -3.1% over the last year. Future job growth over the next ten years is predicted to be 33.2%, which is lower than the US average of 33.5%.
Tax Rates for Tierra Amarilla (zip 87575)
- The Sales Tax Rate for Tierra Amarilla (zip 87575) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Tierra Amarilla (zip 87575) 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 Tierra Amarilla (zip 87575)
- The average income of a Tierra Amarilla (zip 87575) resident is $18,760 a year. The US average is $37,638 a year.
- The Median household income of a Tierra Amarilla (zip 87575) resident is $0 a year. The US average is $69,021 a year.