Fort Sumner, NM 88119 is a small town with a population of less than 2,000 people located in De Baca County. The median rent for a two-bedroom apartment is $790, which is much lower than the US average of $1,430. Furthermore, grocery costs are also lower here with an index score of 89 compared to the national average of 100. This makes Fort Sumner an attractive place to call home due to its affordable cost of living. \nThe local economy in Fort Sumner is mainly supported by agriculture and tourism. Agriculture businesses such as Estrada Farms are heavily involved in the production of food and fiber for the region. There are also tourism-related businesses such as Skydive New Mexico that help bring tourists to town year round. Other companies contributing to Fort Sumner’s economy include Big Bend Electric Co-op, F & H Construction, and Linder Trucking LLC. These local companies provide jobs and services that help sustain Fort Sumner’s economy.
Fort Sumner (zip 88119) has an unemployment rate of 5.3%. The US average is 6.0%.
Fort Sumner (zip 88119) has seen the job market decrease by -11.2% over the last year. Future job growth over the next ten years is predicted to be 13.4%, which is lower than the US average of 33.5%.
Tax Rates for Fort Sumner (zip 88119)
- The Sales Tax Rate for Fort Sumner (zip 88119) is 6.7%. The US average is 7.3%.
- The Income Tax Rate for Fort Sumner (zip 88119) 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 Fort Sumner (zip 88119)
- The average income of a Fort Sumner (zip 88119) resident is $17,895 a year. The US average is $37,638 a year.
- The Median household income of a Fort Sumner (zip 88119) resident is $32,014 a year. The US average is $69,021 a year.