87746 Solano, NM is an ideal place to settle into a comfortable lifestyle. With two bedroom rent at only $820 per month, it is significantly lower than the US average of $1,430. Additionally, grocery costs are also much lower in the area with a Grocery Cost Index of 88 versus 100 in the US.
The small town of Solano provides locals with plenty of activities and convenience. It's close proximity to Albuquerque means there are plenty of local companies and services to choose from as well as attractive tourist spots like Petroglyph National Monument and Sandia Peak Tramway which provides stunning views over the city skyline. There is also a variety of shopping outlets such as Walmart and Target for easily accessible goods.
Solano (zip 87746) has an unemployment rate of 3.6%. The US average is 6.0%.
Solano (zip 87746) has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 23.7%, which is lower than the US average of 33.5%.
Tax Rates for Solano (zip 87746)
- The Sales Tax Rate for Solano (zip 87746) is 6.1%. The US average is 7.3%.
- The Income Tax Rate for Solano (zip 87746) 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 Solano (zip 87746)
- The average income of a Solano (zip 87746) resident is $40,831 a year. The US average is $37,638 a year.
- The Median household income of a Solano (zip 87746) resident is $91,176 a year. The US average is $69,021 a year.