Ruidoso Downs, NM (zip code 88346) is a small and vibrant city located in the south-central region of New Mexico. The city has a population of approximately 1,850 people and is home to several local businesses such as Ande's Store, the Ruidoso News, and Sanders True Value Hardware. Tourists appreciate the area for its many outdoor recreational activities like camping at Grindstone Reservoir State Park or skiing on Sierra Blanca Peak. In terms of rent costs in Ruidoso Downs, 2 bedroom apartments typically cost around $770 per month which is significantly lower than the US average of $1,430 for similar units. The Grocery Cost Index in Ruidoso Downs is 94 compared to the national average of 100.
Ruidoso Downs (zip 88346) has an unemployment rate of 8.8%. The US average is 6.0%.
Ruidoso Downs (zip 88346) has seen the job market decrease by -5.5% 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 Downs (zip 88346)
- The Sales Tax Rate for Ruidoso Downs (zip 88346) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Ruidoso Downs (zip 88346) 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 Downs (zip 88346)
- The average income of a Ruidoso Downs (zip 88346) resident is $17,587 a year. The US average is $37,638 a year.
- The Median household income of a Ruidoso Downs (zip 88346) resident is $28,669 a year. The US average is $69,021 a year.