87582 Velarde, NM is an ideal place to live for those looking for a quaint small-town atmosphere. It is located in the beautiful Rio Grande Valley, offering stunning views of the surrounding desert mountains. Rent for two-bedroom homes in this area is significantly lower than national averages, at $770 compared to the US rate of $1,430. Grocery costs are also lower, with an index of 96 versus 100 for the US as a whole.
Residents of 87582 Velarde, NM have access to several local businesses that provide essential services. Michael Estrada Auto Repair provides quality automotive services for residents who need help with their vehicles. Las Trancas Mexican Restaurant serves up delicious dishes from south of the border, while La Roca Automotive offers a one-stop shop for all your car maintenance needs. Additionally, Fabian’s Custom Paint & Body Shop specializes in auto body repairs and custom paint jobs. These businesses help make the town vibrant and serve its residents’ needs well.
Velarde (zip 87582) has an unemployment rate of 8.0%. The US average is 6.0%.
Velarde (zip 87582) has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 33.2%, which is lower than the US average of 33.5%.
Tax Rates for Velarde (zip 87582)
- The Sales Tax Rate for Velarde (zip 87582) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Velarde (zip 87582) 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 Velarde (zip 87582)
- The average income of a Velarde (zip 87582) resident is $24,453 a year. The US average is $28,555 a year.
- The Median household income of a Velarde (zip 87582) resident is $86,173 a year. The US average is $69,021 a year.