Montezuma, New Mexico (87731) is a small town with a population of about 800 people. The rent for a two bedroom apartment is $870 per month and the cost of groceries in the area is 99 compared to the US average index of 100. This makes Montezuma an affordable place to live. There are several companies based in Montezuma such as Western Convenience Store, T&T Trucking Company, and Red Horse Outfitters. The cost of living in Montezuma is lower than most places due to the low housing costs and grocery prices. In addition, because it's a small town, there are very few entertainment and dining options available which keeps overall costs down.
Montezuma (zip 87731) has an unemployment rate of 8.2%. The US average is 6.0%.
Montezuma (zip 87731) 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 Montezuma (zip 87731)
- The Sales Tax Rate for Montezuma (zip 87731) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Montezuma (zip 87731) 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 Montezuma (zip 87731)
- The average income of a Montezuma (zip 87731) resident is $12,663 a year. The US average is $37,638 a year.
- The Median household income of a Montezuma (zip 87731) resident is $0 a year. The US average is $69,021 a year.