Lake Arthur, NM is a small town with a population of 878. It is located in Chaves County and is known for its peaceful atmosphere. The average 2 bedroom rent in this area is $870, which is significantly lower than the average rent of $1,430 in the United States. The grocery cost index here is 90 compared to 100 in the US, making it an affordable place to live. Lake Arthur offers a variety of local businesses and amenities like El Aguila Mexican Restaurant, Pecos Valley Pharmacy, Bill's Auto Repair & Service, Quality Carpet Cleaners, and more. Additionally, it has several community parks where residents can enjoy outdoor activities such as camping and fishing. With its relaxing atmosphere and great amenities available, Lake Arthur is a great place to settle down!
Lake Arthur (zip 88253) has an unemployment rate of 7.7%. The US average is 6.0%.
Lake Arthur (zip 88253) has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 21.5%, which is lower than the US average of 33.5%.
Tax Rates for Lake Arthur (zip 88253)
- The Sales Tax Rate for Lake Arthur (zip 88253) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Arthur (zip 88253) 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 Lake Arthur (zip 88253)
- The average income of a Lake Arthur (zip 88253) resident is $37,767 a year. The US average is $37,638 a year.
- The Median household income of a Lake Arthur (zip 88253) resident is $76,806 a year. The US average is $69,021 a year.