Zip 87701 (Las Vegas, NM) Economy


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Las Vegas, New Mexico located in zip code 87701 has an average 2 bedroom rent of $820 which is much lower than the US average of $1,430. The Grocery Cost Index in Las Vegas is 93 versus 100 in the US, making grocery prices slightly more affordable. Las Vegas offers many local companies and services to choose from such as Baker's Dozen Donuts & Bakery, Hollywood Video Rentals, Kidz Korner Daycare Center and Circle K Gas Station. Various medical and health services are available such as Dr. Luis Pacheco Jr MD and Dr. Reina Soto MD. Those looking for a gym or fitness classes can visit Bethel Fitness Center or Vicente’s Fitness Studio while outdoor enthusiasts will enjoy biking at La Mesilla Valley Bicycle Touring Company or skiing at Red River Ski Area.

Las Vegas (zip 87701) has an unemployment rate of 8.2%. The US average is 6.0%.

Las Vegas (zip 87701) has seen the job market decrease by -5.4% over the last year. Future job growth over the next ten years is predicted to be 21.1%, which is lower than the US average of 33.5%.

Tax Rates for Las Vegas (zip 87701)
- The Sales Tax Rate for Las Vegas (zip 87701) is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Las Vegas (zip 87701) 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 Las Vegas (zip 87701)
- The average income of a Las Vegas (zip 87701) resident is $24,478 a year. The US average is $37,638 a year.
- The Median household income of a Las Vegas (zip 87701) resident is $37,640 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLas Vegas, New MexicoUnited States
  8.26
  -5.4%-6.2%
  21.1%33.5%
  8.4%6.2%
  4.9%4.6%
  $24,478$37,638
  $37,640$69,021
  $46,020$85,028
  Population by Occupation
  2.1%1.2%
  0.2%0.5%
  11.5%6.8%
  0.7%10.0%
  0.5%2.5%
  7.5%11.0%
  1.8%4.8%
  0.1%0.8%
  0.7%1.9%
  2.8%4.7%
  1.5%1.9%
  2.9%7.6%
  0.0%0.1%
  3.5%4.2%
  18.6%9.3%
  18.2%14.0%
  2.0%2.1%
  8.7%7.0%
  4.4%4.8%
  12.1%4.7%
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