88267 Tatum, NM is a small town located in the north-east corner of the state. With a population of just under 500 people, Tatum is an ideal location for those looking to escape big city life and enjoy a more rural atmosphere. The 2 bedroom rent in Tatum is approximately $1,030 according to recent data, significantly cheaper than the average US rate of $1,430. Additionally, grocery cost index in Tatum stands at 89 versus 100 in the US which could be an advantage to those looking for affordable living costs.
The main street of Tatum includes businesses such as the Cactus Store & Bakery, H&L Petroleum Gas Station, and Butte Valley Senior Center. Each business offers something unique to residents with the bakery providing freshly baked goods and hot coffee every morning while the gas station sells household items such as food and beverages. Nearby amenities include Butte Valley Golf Course which is great for golfers looking to practice their game or take part in tournaments during the year plus Butte Valley Motocross Track where you can go off-road biking with friends or family on weekends.
Tatum (zip 88267) has an unemployment rate of 11.3%. The US average is 6.0%.
Tatum (zip 88267) has seen the job market increase by 7.8% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Tatum (zip 88267)
- The Sales Tax Rate for Tatum (zip 88267) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Tatum (zip 88267) 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 Tatum (zip 88267)
- The average income of a Tatum (zip 88267) resident is $22,943 a year. The US average is $28,555 a year.
- The Median household income of a Tatum (zip 88267) resident is $51,429 a year. The US average is $69,021 a year.