Zip 87939 (Monticello, NM) Economy


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United States / New Mexico / No Metro Area / Sierra County / No City / Monticello (zip 87939)
Monticello, NM (87939) is a great place to call home. With a 2 bedroom rent at just $790, it's significantly cheaper than the US average of $1,430. Grocery costs are also lower here, with a grocery cost index of 103 compared to 100 in the US. The area is home to several businesses including Gila Valley, Monticello Mercantile, and Animas Valley Plumbing & Heating. Gila Valley provides agricultural supplies and services to their clients while Monticello Mercantile offers an excellent selection of everyday goods from fresh produce to furniture. Animas Valley Plumbing & Heating provides plumbing and heating solutions for residential and commercial properties in the area.

Monticello (zip 87939) has an unemployment rate of 9.4%. The US average is 6.0%.

Monticello (zip 87939) has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.

Tax Rates for Monticello (zip 87939)
- The Sales Tax Rate for Monticello (zip 87939) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Monticello (zip 87939) 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 Monticello (zip 87939)
- The average income of a Monticello (zip 87939) resident is $58,305 a year. The US average is $37,638 a year.
- The Median household income of a Monticello (zip 87939) resident is $103,092 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMonticello, New MexicoUnited States
  9.46
  2.1%-6.2%
  29.8%33.5%
  6.9%6.2%
  4.9%4.6%
  $58,305$37,638
  $103,092$69,021
Family Median Income 85028
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