Thoreau, NM is a census-designated place located in McKinley County with an estimated population of 87323. The town has plenty to offer residents and visitors alike. In terms of housing, a two bedroom apartment in Thoreau rents for approximately $820 per month, making it far more affordable than the national average ($1,430). On top of that, groceries are also relatively cheaper, with an index rating of 88 compared to 100 nationally. \nWhen it comes to businesses in the area, Thoreau is home to several local companies including Dave's Towing & Repair Service, Allsup's Convenience Store, The Wheel Stop Auto Repair Center and Rogers Creek Trading Post. With such convenient services nearby, residents can enjoy all that Thoreau has to offer without having to travel long distances.
Thoreau (zip 87323) has an unemployment rate of 10.7%. The US average is 6.0%.
Thoreau (zip 87323) has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Thoreau (zip 87323)
- The Sales Tax Rate for Thoreau (zip 87323) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Thoreau (zip 87323) 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 Thoreau (zip 87323)
- The average income of a Thoreau (zip 87323) resident is $11,267 a year. The US average is $28,555 a year.
- The Median household income of a Thoreau (zip 87323) resident is $32,984 a year. The US average is $69,021 a year.