87051 San Rafael, NM is a beautiful area to live with affordable housing costs. The average two bedroom rent in this area is only $750, which is significantly less than the national average of $1430 for two bedrooms. This makes it an attractive option for those looking for a comfortable place to live on a budget. Other costs are similarly lower than the US average, with groceries coming in at around 91 compared to 100 nationally.
Business-wise, 87051 San Rafael has something for everyone. Local companies such as Blue Sky Energy Solutions and M&R Mining Co offer excellent employment opportunities in the area. For fun, visitors can try their luck at Sandia Casino or take a quick day trip to nearby Albuquerque to explore museums and other attractions.
Overall, 87051 San Rafael offers great affordability when compared against other parts of the US. Its low housing costs combined with its range of businesses and recreational activities make it an ideal location for anyone looking for an enjoyable place to call home without breaking the bank.
San Rafael (zip 87051) has an unemployment rate of 10.3%. The US average is 6.0%.
San Rafael (zip 87051) has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 18.3%, which is lower than the US average of 33.5%.
Tax Rates for San Rafael (zip 87051)
- The Sales Tax Rate for San Rafael (zip 87051) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for San Rafael (zip 87051) 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 San Rafael (zip 87051)
- The average income of a San Rafael (zip 87051) resident is $29,097 a year. The US average is $28,555 a year.
- The Median household income of a San Rafael (zip 87051) resident is $59,463 a year. The US average is $69,021 a year.