Hillsboro, NM 88042 is a small rural community situated in south central New Mexico. It is an amazing place to live as the cost of living is significantly lower than the national average. The 2-bedroom rent in Hillsboro is only $730 compared to the US average of $1,430. The grocery cost index in Hillsboro is also 100 which is the same as the national average.
Local companies include businesses like Otero County Electric Cooperative Inc., Sunburst Farms LLC, and Russell Smith Enterprises LLC. You can find many different types of traditional foods in Hillsboro including green chili stew, carne adovada burritos, and red chile enchiladas. There are many attractions to enjoy such as visiting Rockhound State Park for camping and watching beautiful sunsets or learning about local history at Caballero Canyon Archaeological Site.
Hillsboro (zip 88042) has an unemployment rate of 9.4%. The US average is 6.0%.
Hillsboro (zip 88042) has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.
Tax Rates for Hillsboro (zip 88042)
- The Sales Tax Rate for Hillsboro (zip 88042) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Hillsboro (zip 88042) 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 Hillsboro (zip 88042)
- The average income of a Hillsboro (zip 88042) resident is $30,309 a year. The US average is $37,638 a year.
- The Median household income of a Hillsboro (zip 88042) resident is $0 a year. The US average is $69,021 a year.