Zip 88203 (Roswell, NM) Economy


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88203 Roswell, NM is an ideal place to live for families looking for a city with an affordable cost of living. The 2-bedroom rent in Roswell is $890, whereas the US 2-bedroom rent is $1430. This significant discount makes it a great deal for people looking to reduce their living expenses. Additionally, the grocery cost index in Roswell is 91 versus 100 in the US - another way to save money on food and household items. \nLocal businesses include Sandy's Health Foods, The Home Depot, Planet Fitness, Sonic Drive-In and many more. There are also plenty of smaller shops run by locals that offer unique products and services tailored to the needs of this community. Roswell has something for everyone and its low costs make it a great place to call home.

Roswell (zip 88203) has an unemployment rate of 8.0%. The US average is 6.0%.

Roswell (zip 88203) has seen the job market increase by 0.7% 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 88203)
- The Sales Tax Rate for Roswell (zip 88203) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Roswell (zip 88203) 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 88203)
- The average income of a Roswell (zip 88203) resident is $16,482 a year. The US average is $28,555 a year.
- The Median household income of a Roswell (zip 88203) resident is $40,125 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRoswell, New MexicoUnited States
  86
  -1.1%-6.2%
  21.2%33.5%
  7.8%6.2%
  4.9%4.6%
  $19,677$37,638
  $40,125$69,021
  $46,879$85,028
  Population by Occupation
  5.3%1.2%
  2.0%0.5%
  5.2%6.8%
  5.8%10.0%
  3.4%2.5%
  11.7%11.0%
  7.1%4.8%
  1.3%0.8%
  0.6%1.9%
  2.4%4.7%
  1.1%1.9%
  3.4%7.6%
  0.0%0.1%
  2.0%4.2%
  9.7%9.3%
  17.8%14.0%
  1.3%2.1%
  9.0%7.0%
  5.8%4.8%
  5.1%4.7%
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