Coyote, NM — income, home value, property tax, and sales tax.
ZIP code 87551, centered near Coyote, sits in working-class territory, with a median household income of $35,896 and per-capita income of $19,272. Homes here carry a median value of $125,900, and the county-level effective property tax rate of 0.42% translates into a notably low annual bill on that value. Sales tax runs 4.88%, so everyday purchases carry a lighter add-on than in many parts of the country. Incomes trail state and national medians by a wide margin, yet the combination of inexpensive housing and low taxation keeps the overall cost of living here comparatively gentle.