88124 Melrose, NM has an average two bedroom rent of $920. This is significantly lower than the average US two bedroom rent of $1,430. The local grocery cost index for 88124 Melrose, NM stands at 90 versus 100 for the US, which indicates that groceries in this area are less expensive than those in the US on average. Local companies that offer groceries in 88124 Melrose, NM include Roadrunner Market Place, La Unica Tienda and Los Amigos Grocery Store. The US 2 bedroom rent is $1,430 and serves as a benchmark for other rental prices across cities and states within the country.
Melrose (zip 88124) has an unemployment rate of 5.4%. The US average is 6.0%.
Melrose (zip 88124) has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Melrose (zip 88124)
- The Sales Tax Rate for Melrose (zip 88124) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Melrose (zip 88124) 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 Melrose (zip 88124)
- The average income of a Melrose (zip 88124) resident is $21,120 a year. The US average is $28,555 a year.
- The Median household income of a Melrose (zip 88124) resident is $50,813 a year. The US average is $69,021 a year.