Corona, NM (88318) is a small town situated in Lincoln County. According to the content above, 2 bedroom rent in Corona is $1,030 which is lower than the US average of $1,430. In addition, the Grocery Cost Index in Corona is 98 versus 100 in the US. This means that overall cost of living in Corona is lower than national averages. Those looking for affordable housing and groceries can find great value in Corona, NM. Local companies such as M & M Cafe & Market and Bill's Country Store provide quality groceries at an affordable price. Additionally, real estate agencies like The Real Estate Company & Property Management offer great deals on rental homes and apartments for those looking for a comfortable place to live at a reasonable price.
Corona (zip 88318) has an unemployment rate of 8.8%. The US average is 6.0%.
Corona (zip 88318) has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Corona (zip 88318)
- The Sales Tax Rate for Corona (zip 88318) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Corona (zip 88318) 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 Corona (zip 88318)
- The average income of a Corona (zip 88318) resident is $40,335 a year. The US average is $37,638 a year.
- The Median household income of a Corona (zip 88318) resident is $62,500 a year. The US average is $69,021 a year.