Malaga, New Mexico is a small town with an estimated population of 809 as of 2019, making it an ideal location for anyone seeking a peaceful lifestyle. The median 2 Bedroom rent in Malaga is only $820 compared to the US average of $1,430. Grocery cost index in Malaga is 98 against 100 in the US indicating that the costs are relatively affordable.
Malaga offers its residents a variety of local companies and points of interest to enjoy. One popular spot is Caballo Lake State Park which offers plenty of outdoor activities such as camping, fishing, and boating. For shopping and dining options, locals can choose from stores like Hi-Lo Supermarket and restaurants like Los Campos Mexican Restaurant or Molly's Diner. With so much to do and see in Malaga you'll have no trouble finding something fun!
Malaga (zip 88263) has an unemployment rate of 7.3%. The US average is 6.0%.
Malaga (zip 88263) 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 Malaga (zip 88263)
- The Sales Tax Rate for Malaga (zip 88263) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Malaga (zip 88263) 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 Malaga (zip 88263)
- The average income of a Malaga (zip 88263) resident is $23,395 a year. The US average is $28,555 a year.
- The Median household income of a Malaga (zip 88263) resident is $112,083 a year. The US average is $69,021 a year.