Ruidoso, NM is a small city with a population of 8,845. It is located in the foothills of the Sacramento Mountains and enjoys a pleasant year-round climate. The city offers affordable housing options; as an example, a 2 bedroom rental costs just $780 per month. Grocery costs are also lower here than in many other places; the cost index for groceries is 96 compared to 100 in the US. Ruidoso is home to several local businesses offering goods and services to visitors and residents alike. These include The Mugshot Clothing Company which specializes in authentic western wear, Country Lane Antiques that offers vintage items from across the Southwest, Snappy Scissors for haircuts and styling services, and Sierra Blanca Brewing Co. that serves freshly brewed craft beers.
Ruidoso (zip 88345) has an unemployment rate of 8.8%. The US average is 6.0%.
Ruidoso (zip 88345) 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 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Ruidoso (zip 88345)
- The Sales Tax Rate for Ruidoso (zip 88345) is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Ruidoso (zip 88345) 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 Ruidoso (zip 88345)
- The average income of a Ruidoso (zip 88345) resident is $26,309 a year. The US average is $28,555 a year.
- The Median household income of a Ruidoso (zip 88345) resident is $46,440 a year. The US average is $69,021 a year.