Zip 88337 (La Luz, NM) Economy


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88337 La Luz, NM is a great place to live for those looking for a more relaxed and affordable lifestyle. The 2 bedroom rent in La Luz, NM is about $820 compared to the US average of $1,430, making it almost half the price. Grocery costs are also lower in La Luz with an index of 92 versus 100 in the US. This makes La Luz an attractive option for people seeking to save money on their monthly expenses. The area also has many local businesses, such as Maloof's Market and El Paraiso Mexican Restaurant, so that residents can find everything they need without having to travel far away from home. In conclusion, 88337 La Luz, NM is an ideal choice for those looking for a great quality of life with a lower cost of living.

La Luz (zip 88337) has an unemployment rate of 7.4%. The US average is 6.0%.

La Luz (zip 88337) has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 22.7%, which is lower than the US average of 33.5%.

Tax Rates for La Luz (zip 88337)
- The Sales Tax Rate for La Luz (zip 88337) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for La Luz (zip 88337) 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 La Luz (zip 88337)
- The average income of a La Luz (zip 88337) resident is $22,652 a year. The US average is $28,555 a year.
- The Median household income of a La Luz (zip 88337) resident is $52,344 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLa Luz, New MexicoUnited States
  7.46
  -0.9%-6.2%
  22.7%33.5%
  6.3%6.2%
  4.9%4.6%
  $28,905$37,638
  $52,344$69,021
  $80,884$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  25.1%6.8%
  0.0%10.0%
  0.0%2.5%
  14.8%11.0%
  15.8%4.8%
  0.0%0.8%
  1.1%1.9%
  3.8%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  4.6%4.2%
  5.9%9.3%
  13.4%14.0%
  0.0%2.1%
  4.1%7.0%
  2.4%4.8%
  9.0%4.7%
Health