87711 Tecolotito, NM is a small city located in the Rio Grande Valley of New Mexico. It offers an affordable cost of living compared to other cities in the United States with 2 bedroom rent costing only $700 per month. Grocery Cost Index in the area is also lower than the US average at 88 versus 100.
Tecolotito has many amenities to offer its residents including a diverse array of shops and restaurants, as well as recreational activities such as hiking trails, parks, and golf courses. Notable local businesses include La Cocina Restaurant for delicious Mexican cuisine, Pancho's BBQ Joint for classic barbecue eats, and The Garden Shoppe for locally sourced plants and flowers. Other services available in the area include medical care at Valley Medical Center, auto repair from Sanchez Auto Repair, and pet care from Puppy Love Pet Services.
Tecolotito (zip 87711) has an unemployment rate of 7.7%. The US average is 6.0%.
Tecolotito (zip 87711) has seen the job market decrease by -4.2% over the last year. Future job growth over the next ten years is predicted to be 24.8%, which is lower than the US average of 33.5%.
Tax Rates for Tecolotito (zip 87711)
- The Sales Tax Rate for Tecolotito (zip 87711) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Tecolotito (zip 87711) 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 Tecolotito (zip 87711)
- The average income of a Tecolotito (zip 87711) resident is $11,091 a year. The US average is $37,638 a year.
- The Median household income of a Tecolotito (zip 87711) resident is $26,250 a year. The US average is $69,021 a year.