Loving, New Mexico is a small community in the 88215 zip code. This rural area is known for its affordable housing and cost of living. The 2 bedroom rent in Loving is $1,010 which is much less than the US average of $1,430. Additionally, the Grocery Cost Index in Loving is 92 compared to 100 in the US nationwide. For those looking for an affordable place to live with easy access to basic amenities, Loving could be the perfect place.
Local companies include Loving Grocery Store which has been around since 1957 and was founded by Mary Palacios who still runs the store today. There's also a local bank called Frontier Bank of New Mexico which offers financial services ranging from mortgage loans to checking accounts. Additionally there's Jansen Paint & Body who has been providing quality auto repairs for over 25 years and can be found on Main Street near the center of town.
Loving (zip 88256) has an unemployment rate of 7.3%. The US average is 6.0%.
Loving (zip 88256) has seen the job market increase by 8.5% over the last year. Future job growth over the next ten years is predicted to be 35.1%, which is higher than the US average of 33.5%.
Tax Rates for Loving (zip 88256)
- The Sales Tax Rate for Loving (zip 88256) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Loving (zip 88256) 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 Loving (zip 88256)
- The average income of a Loving (zip 88256) resident is $19,265 a year. The US average is $28,555 a year.
- The Median household income of a Loving (zip 88256) resident is $51,875 a year. The US average is $69,021 a year.