87008 Cedar Crest, NM is an area with many local amenities. The average rent for a 2-bedroom apartment is $1,740, which is significantly higher than the US national average of $1,430. This makes 87008 Cedar Crest an expensive place to live. In addition to the high rent prices, grocery costs in this region are also higher than the national average. The Grocery Cost Index for 87008 Cedar Crest is 99 versus 100 nationally.
When it comes to housing costs in 87008 Cedar Crest, NM there are several local options such as Southwest Apartment Group or Las Alamedas Apartments. For groceries, shoppers can find competitive prices at stores such as La Fonda Market or El Chapparal Produce. With these companies providing services and goods to locals living in 87008 Cedar Crest, NM they are helping residents of this area maintain their quality of life despite the slightly higher costs associated with living there.
Cedar Crest (zip 87008) has an unemployment rate of 7.3%. The US average is 6.0%.
Cedar Crest (zip 87008) has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 34.4%, which is higher than the US average of 33.5%.
Tax Rates for Cedar Crest (zip 87008)
- The Sales Tax Rate for Cedar Crest (zip 87008) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Cedar Crest (zip 87008) 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 Cedar Crest (zip 87008)
- The average income of a Cedar Crest (zip 87008) resident is $50,548 a year. The US average is $37,638 a year.
- The Median household income of a Cedar Crest (zip 87008) resident is $107,366 a year. The US average is $69,021 a year.