Zip 87012 (Coyote, NM) Economy


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87012 Coyote, NM is a great place to live for those looking for a more affordable lifestyle. The average 2 Bedroom Rent is $800, which is significantly lower than the US average of $1,430. In addition, the Grocery Cost Index in 87012 Coyote, NM is 97 versus 100 in the US. This means that grocery costs here are 3% cheaper than the national average. Local companies in 87012 Coyote, NM include A & B Auto Repair & Parts, Coyote Grill, and Coyote Quik Mart. Each of these businesses provides quality services to residents of 87012 Coyote, NM and helps to make living in this area both convenient and enjoyable.

Coyote (zip 87012) has an unemployment rate of 8.0%. The US average is 6.0%.

Coyote (zip 87012) has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 33.2%, which is lower than the US average of 33.5%.

Tax Rates for Coyote (zip 87012)
- The Sales Tax Rate for Coyote (zip 87012) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Coyote (zip 87012) 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 Coyote (zip 87012)
- The average income of a Coyote (zip 87012) resident is $20,691 a year. The US average is $28,555 a year.
- The Median household income of a Coyote (zip 87012) resident is $51,042 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCoyote, New MexicoUnited States
  86
  -3.1%-6.2%
  33.2%33.5%
  6.9%6.2%
  4.9%4.6%
  $22,574$37,638
  $51,042$69,021
Family Median Income 85028
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