Zip 88120 (Grady, NM) Economy


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Grady, NM (zip code 88120) is a small rural community located in the southeastern part of the state. The area boasts a wide range of attractions and opportunities for outdoor activities. Housing costs are relatively low with two bedroom rentals costing only $900 on average. This is significantly lower than the US average of $1430 per month. Grocery cost index in Grady is 92 versus 100 in the US.
The area offers plenty to do and see for locals and visitors alike. There is hunting, fishing, hiking and camping at nearby Sitting Bull Falls State Park as well as hot air ballooning and golfing at Cottonwood Country Club. Other popular attractions include the historical Fort Selden State Monument, several museums, art galleries, unique dining experiences like Santa Fe Diner and local businesses like Southwestern Gardening Co., Belford's Auto Sales & Service, New Mexico Water Systems Inc., La Feria Mexican Restaurant & Cantina.
Throughout the year Grady hosts numerous events such as the annual Chuparosa Festival featuring food vendors, traditional dancers, music performances and more. The city also has various holiday celebrations such as 4th of July parades with live entertainment throughout town.

Grady (zip 88120) has an unemployment rate of 5.4%. The US average is 6.0%.

Grady (zip 88120) has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.

Tax Rates for Grady (zip 88120)
- The Sales Tax Rate for Grady (zip 88120) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Grady (zip 88120) 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 Grady (zip 88120)
- The average income of a Grady (zip 88120) resident is $21,223 a year. The US average is $28,555 a year.
- The Median household income of a Grady (zip 88120) resident is $60,938 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGrady, New MexicoUnited States
  5.46
  1.0%-6.2%
  29.9%33.5%
  6.9%6.2%
  4.9%4.6%
  $32,779$37,638
  $60,938$69,021
  $61,138$85,028
  Population by Occupation
  23.1%1.2%
  0.0%0.5%
  8.8%6.8%
  23.1%10.0%
  0.0%2.5%
  2.2%11.0%
  3.8%4.8%
  1.1%0.8%
  4.9%1.9%
  1.1%4.7%
  0.0%1.9%
  2.7%7.6%
  0.0%0.1%
  0.0%4.2%
  24.2%9.3%
  3.8%14.0%
  0.0%2.1%
  0.0%7.0%
  0.0%4.8%
  1.1%4.7%
Health