Corrales, NM is a beautiful small town located just north of Albuquerque with a population of 8,704. It's known for its quaint charm, small-town feel, and unique landscapes. The cost of rent in Corrales for two bedrooms is $1,340 which is slightly lower than the national average of $1,430. Grocery cost index in Corrales is 103 versus 100 in the US which means groceries are more expensive than the US average. There are a variety of local companies that residents can enjoy such as Corrales Bistro Brewery which offers delicious food and craft beer; Corrales Growers Market which offers locally sourced produce; and Discover New Mexico which offers tours and outdoor activities. These local businesses provide quality goods and services for all residents of Corrales.
Corrales (zip 87048) has an unemployment rate of 8.0%. The US average is 6.0%.
Corrales (zip 87048) has seen the job market increase by 3.4% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Corrales (zip 87048)
- The Sales Tax Rate for Corrales (zip 87048) is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Corrales (zip 87048) 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 Corrales (zip 87048)
- The average income of a Corrales (zip 87048) resident is $39,768 a year. The US average is $28,555 a year.
- The Median household income of a Corrales (zip 87048) resident is $95,750 a year. The US average is $69,021 a year.