Torreon, NM 87061 is an affordable and desirable place to live with 2 bedroom rent of $910 compared to the US average of $1,430. There are many local companies in the area providing employment opportunities to the locals. For instance, Torreon Grocery Store offers a variety of fresh produce at a discounted rate with its grocery cost index of 90 as opposed to the 100 in the US. Other local businesses include Baca's Taxidermy, which provides taxidermy services for trophy hunting and fishing, and Eagle Rock Insurance Agency that caters to personal and commercial insurance needs.
Torreon (zip 87061) has an unemployment rate of 8.8%. The US average is 6.0%.
Torreon (zip 87061) has seen the job market increase by 3.4% over the last year. Future job growth over the next ten years is predicted to be 28.1%, which is lower than the US average of 33.5%.
Tax Rates for Torreon (zip 87061)
- The Sales Tax Rate for Torreon (zip 87061) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Torreon (zip 87061) 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 Torreon (zip 87061)
- The average income of a Torreon (zip 87061) resident is $24,981 a year. The US average is $28,555 a year.
- The Median household income of a Torreon (zip 87061) resident is $29,167 a year. The US average is $69,021 a year.