Zip 88053 (Pinos Altos, NM) Economy


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Pinos Altos, NM (zip code 88053) is a small town located in the center of New Mexico. It is known for its history as a mining town and offers many attractions such as exploring old mines, visiting galleries and museums, or taking part in the annual Mining Day Parade. The 2 bedroom rent in Pinos Altos is much more affordable than the US average at $820 per month versus $1,430 in the US. The Grocery Cost Index is also lower here at 92 compared to the US average of 100. The summer months bring many visitors who come to camp out under the stars and explore the nearby Gila National Forest. Businesses and restaurants like Wild West Trading Co., Johnnies Restaurant & Saddle Bar, and Old Town Emporium cater to both locals and visitors alike. There are also numerous outdoor activities such as fishing or rock climbing available throughout the area. With its beautiful landscapes, interesting culture, and low cost of living, Pinos Altos makes for a great place to live or visit!

Pinos Altos (zip 88053) has an unemployment rate of 8.2%. The US average is 6.0%.

Pinos Altos (zip 88053) has seen the job market decrease by -7.4% over the last year. Future job growth over the next ten years is predicted to be 21.4%, which is lower than the US average of 33.5%.

Tax Rates for Pinos Altos (zip 88053)
- The Sales Tax Rate for Pinos Altos (zip 88053) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Pinos Altos (zip 88053) 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 Pinos Altos (zip 88053)
- The average income of a Pinos Altos (zip 88053) resident is $22,512 a year. The US average is $37,638 a year.
- The Median household income of a Pinos Altos (zip 88053) resident is $0 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPinos Altos, New MexicoUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
Household Income 69021
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