87023 Jarales, NM is a small town located in the south of New Mexico. The relatively low population makes it an ideal place for those looking to enjoy a quiet life. In terms of rent, the average for two bedroom apartments is around $1,030 compared to the US average of $1,430. This is great news for people who are on a budget or who want to save money on rent.
The cost of living in 87023 Jarales, NM is also very affordable. The Grocery Cost Index in Jarales is 91 versus 100 in the US which means that groceries are much cheaper than the national average. Local businesses make up most of the commercial district with restaurants like El Cine Mexicano and La Palapa providing delicious food and goods at reasonable prices. For those looking for something else there is also 870 Store and Sportique offering services from basic supplies to sporting equipment.
Overall, 87023 Jarales, NM offers a high quality of life with low rent costs and a low cost of living index which make it attractive for families or individuals looking for an affordable place to live.
Jarales (zip 87023) has an unemployment rate of 8.0%. The US average is 6.0%.
Jarales (zip 87023) has seen the job market increase by 3.4% over the last year. Future job growth over the next ten years is predicted to be 32.7%, which is lower than the US average of 33.5%.
Tax Rates for Jarales (zip 87023)
- The Sales Tax Rate for Jarales (zip 87023) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Jarales (zip 87023) 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 Jarales (zip 87023)
- The average income of a Jarales (zip 87023) resident is $24,045 a year. The US average is $28,555 a year.
- The Median household income of a Jarales (zip 87023) resident is $36,827 a year. The US average is $69,021 a year.