Espanola, New Mexico (87532) is a city located in Rio Arriba County about 30 miles north of Santa Fe. The city is known for its rich cultural heritage as well as its affordability. The average 2-bedroom rent in Espanola stands at $1,060 per month, which is significantly lower than the national average ($1,430). Similarly, the Grocery Cost Index score in Espanola is 96 versus 100 nationally. This makes it an attractive option for potential residents looking to enjoy a lower cost of living compared to other cities.
In terms of economic activity, Espanola has a number of different companies located throughout the city. These include Los Alamos National Bank, Kit Carson Electric Co-Op Inc., Pojoaque Valley Community Library, Espanola Public Schools and many more. All these businesses contribute to making Espanola an attractive place to live and work. In summary, Espanola offers a cheaper cost of living than most places in the United States while still providing plenty of employment opportunities through local businesses.
Espanola (zip 87532) has an unemployment rate of 8.0%. The US average is 6.0%.
Espanola (zip 87532) has seen the job market decrease by -3.1% 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 Espanola (zip 87532)
- The Sales Tax Rate for Espanola (zip 87532) is 8.9%. The US average is 7.3%.
- The Income Tax Rate for Espanola (zip 87532) 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 Espanola (zip 87532)
- The average income of a Espanola (zip 87532) resident is $26,210 a year. The US average is $37,638 a year.
- The Median household income of a Espanola (zip 87532) resident is $51,100 a year. The US average is $69,021 a year.