University Park, NM is a great place to live and work with its low cost of living. The two-bedroom rent in this area is only $900 which is significantly less than the US average of $1,430. Additionally, the grocery cost index in this area is 94 compared to the US average of 100. With such reasonable costs for basic needs, it's no wonder why University Park has become an attractive option for many people and businesses alike. Local companies found in University Park include Maedgen Elementary School, Caprock Physical Therapy & Wellness Center LLC, High Plains Veterinary Hospital Inc., and Academy Mortgage Lubbock - Dan Hopkinson.
University Park (zip 88003) has an unemployment rate of 8.0%. The US average is 6.0%.
University Park (zip 88003) has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 24.0%, which is lower than the US average of 33.5%.
Tax Rates for University Park (zip 88003)
- The Sales Tax Rate for University Park (zip 88003) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for University Park (zip 88003) 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 University Park (zip 88003)
- The average income of a University Park (zip 88003) resident is $3,792 a year. The US average is $37,638 a year.
- The Median household income of a University Park (zip 88003) resident is $0 a year. The US average is $69,021 a year.