Ribera, NM 87560 is located in San Miguel County and offers a great location for small businesses to call home. The cost of living is quite low with a two bedroom rent coming in at $780 per month versus the US average of $1,430. Grocery costs are also lower than average in Ribera, indexing at 90 compared to 100 throughout the United States. There are several local companies that have made their home here including Fort Union Feed and Supply Co., New Mexico Milling & Mining Co., and Ribera Bank & Trust Co. With its low cost of living and thriving business community, Ribera is an ideal place to live and work.
Ribera (zip 87560) has an unemployment rate of 8.2%. The US average is 6.0%.
Ribera (zip 87560) has seen the job market increase by 1.4% 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 Ribera (zip 87560)
- The Sales Tax Rate for Ribera (zip 87560) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Ribera (zip 87560) 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 Ribera (zip 87560)
- The average income of a Ribera (zip 87560) resident is $12,408 a year. The US average is $28,555 a year.
- The Median household income of a Ribera (zip 87560) resident is $28,897 a year. The US average is $69,021 a year.