La Plata, New Mexico (87418) is a small rural community where the cost of living is relatively low. The average two-bedroom rental rate in La Plata is $800, which is significantly lower than the national average of $1,430. Additionally, the grocery cost index in La Plata is 97 compared to 100 for the United States as a whole. This makes it a great place for individuals and families looking to save some money by cutting down on living expenses.
Local companies and amenities include C&A Petroleum which offers fuel, convenience store items, grocery items, and hunting & fishing supplies; Country Foods Grocery Store; Lumberyard Supplies; Great West Equipment Inc.; Hulman’s Repair Shop; The Divine Hair Salon; Connections Fitness Center; Millennium Boutique & More; as well as several restaurants such as Cowboy's Grill & Bar and Los Compadres Mexican Restaurant. La Plata also boasts several local parks with outdoor activities such as hiking trails and picnic areas for visitors to enjoy.
La Plata (zip 87418) has an unemployment rate of 9.7%. The US average is 6.0%.
La Plata (zip 87418) has seen the job market decrease by -7.9% over the last year. Future job growth over the next ten years is predicted to be 18.2%, which is lower than the US average of 33.5%.
Tax Rates for La Plata (zip 87418)
- The Sales Tax Rate for La Plata (zip 87418) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for La Plata (zip 87418) 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 Plata (zip 87418)
- The average income of a La Plata (zip 87418) resident is $36,423 a year. The US average is $37,638 a year.
- The Median household income of a La Plata (zip 87418) resident is $76,354 a year. The US average is $69,021 a year.