Roswell, NM (88201) is a city rich in culture and history. Although it is a small town, Roswell is home to many businesses including local favorites like the Flying T-Bar Steakhouse & Saloon, Big D's Downtown Dive, and The Pickled Parrot. With an average two bedroom rent of $1,190 per month it is much more affordable than the US average of $1,430. Grocery costs in Roswell are also lower with an index of 93 compared to 100 for the US as a whole. This makes Roswell an attractive place to live for both singles and families alike. The economy in Roswell is largely supported by oil and gas production as well as retail trade. The beautiful landscape also helps to bring in plenty of tourism from around New Mexico and the surrounding states.
Roswell (zip 88201) has an unemployment rate of 8.0%. The US average is 6.0%.
Roswell (zip 88201) has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 21.2%, which is lower than the US average of 33.5%.
Tax Rates for Roswell (zip 88201)
- The Sales Tax Rate for Roswell (zip 88201) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Roswell (zip 88201) 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 Roswell (zip 88201)
- The average income of a Roswell (zip 88201) resident is $30,723 a year. The US average is $37,638 a year.
- The Median household income of a Roswell (zip 88201) resident is $58,995 a year. The US average is $69,021 a year.