Amalia, NM — income, home value, property tax, and sales tax.
In ZIP code 87553, near Amalia, homes carry a median value of $202,700, and the county's effective property tax rate of 0.29% works out to roughly $588 a year on a home at that price. With median household income at $48,906 and per-capita income at $30,281, that tax bill takes up a little over one percent of a household's annual earnings. Combined with a 4.88% sales tax rate, the overall cost of living here stays tied closely to what people earn, making homeownership feasible without property taxes dominating the budget.
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