El Rito, New Mexico is a small town of around 875 people located in northern New Mexico. It's an ideal destination for those looking for a peaceful and low-key getaway from the hustle and bustle of city living. The average two bedroom rental price in El Rito is $770, significantly lower than the national average of $1,430. This makes El Rito an attractive place to live for those looking to save money on housing costs. Residents can enjoy local amenities such as the El Rito General Store that provides groceries and other necessities or the nearby restaurants like Jefe’s and The Little Farmers Market Cafe. Prices for groceries are even more affordable here with a grocery cost index of 95 versus 100 in the US, providing greater savings opportunities for locals.
El Rito (zip 87530) has an unemployment rate of 8.0%. The US average is 6.0%.
El Rito (zip 87530) 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 El Rito (zip 87530)
- The Sales Tax Rate for El Rito (zip 87530) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for El Rito (zip 87530) 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 El Rito (zip 87530)
- The average income of a El Rito (zip 87530) resident is $15,688 a year. The US average is $28,555 a year.
- The Median household income of a El Rito (zip 87530) resident is $20,820 a year. The US average is $69,021 a year.