Sheep Springs, NM is a small town located in San Juan County with an estimated population of 87364. The cost of living in Sheep Springs is lower than the US average, with 2 bedroom rent being $790 compared to $1,430 nationally. Grocery costs index 87 here versus 100 in the US. Businesses in the area include High Desert Market & Gas Station, Ute Mountain Trading Post, Navajo Nation Motors and Ty's Auto Repair & Service. Overall, Sheep Springs is an affordable place to live due to its low cost of living.
Sheep Springs (zip 87364) has an unemployment rate of 9.7%. The US average is 6.0%.
Sheep Springs (zip 87364) has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 18.2%, which is lower than the US average of 33.5%.
Tax Rates for Sheep Springs (zip 87364)
- The Sales Tax Rate for Sheep Springs (zip 87364) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Sheep Springs (zip 87364) 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 Sheep Springs (zip 87364)
- The average income of a Sheep Springs (zip 87364) resident is $10,153 a year. The US average is $28,555 a year.
- The Median household income of a Sheep Springs (zip 87364) resident is $23,565 a year. The US average is $69,021 a year.