Des Moines, New Mexico (88418) is a small town located in the Chaves County. Des Moines offers much to its residents with a low cost of living, making it an attractive place for individuals and families alike. The average two bedroom rent in Des Moines is $770, which is significantly lower than the US average of $1,430. The Grocery Cost Index in Des Moines is 92 versus 100 in the US, showing just how affordable it is to live here.
The town also contains several local businesses offering services and products that make up the local economy. These include businesses such as Five Star Lube & Auto Care for automobile repair and maintenance services, Rainbow Drugs Pharmacy for medication needs, Beall's Department Store for shopping needs, and Cozy Corner Cafe for dining out or takeout options. All these businesses provide great support to the community while providing quality services and products at reasonable prices.
Des Moines (zip 88418) has an unemployment rate of 4.3%. The US average is 6.0%.
Des Moines (zip 88418) has seen the job market decrease by -12.9% over the last year. Future job growth over the next ten years is predicted to be 22.2%, which is lower than the US average of 33.5%.
Tax Rates for Des Moines (zip 88418)
- The Sales Tax Rate for Des Moines (zip 88418) is 6.1%. The US average is 7.3%.
- The Income Tax Rate for Des Moines (zip 88418) 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 Des Moines (zip 88418)
- The average income of a Des Moines (zip 88418) resident is $18,146 a year. The US average is $37,638 a year.
- The Median household income of a Des Moines (zip 88418) resident is $56,471 a year. The US average is $69,021 a year.