Hondo, New Mexico (zip code 88336) is a small town located in Lincoln County. It is home to several local businesses such as Hondo Valley Feed Store, Hondo Animal Clinic, and Maria's Kitchen. The cost of living in Hondo is significantly lower than the US average. For example, the rent for a two-bedroom apartment is $770 which is far lower than the US average of $1,430. Additionally, the grocery cost index in Hondo is 92 compared to 100 in the US. This means that groceries are 8% cheaper in this town. Living in Hondo offers potential residents an affordable place to live while still providing plenty of local amenities for entertainment or convenience.
Hondo (zip 88336) has an unemployment rate of 8.8%. The US average is 6.0%.
Hondo (zip 88336) 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 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Hondo (zip 88336)
- The Sales Tax Rate for Hondo (zip 88336) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Hondo (zip 88336) 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 Hondo (zip 88336)
- The average income of a Hondo (zip 88336) resident is $9,548 a year. The US average is $28,555 a year.
- The Median household income of a Hondo (zip 88336) resident is $40,977 a year. The US average is $69,021 a year.