Cost of Living in Las Palomas, NM

A+
16%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
36%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Las Palomas New Mexico National
Cost of living8493100
Goods & Services9497100
Groceries9697100
Health care9897100
Housing6486100
Transportation9695100
Utilities8190100
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Cost Of Living Quick Facts

  • The cost of living in Las Palomas is 9% lower than the New Mexico average
  • The cost of living in Las Palomas is 16% lower than the national average
  • Las Palomas housing is 36% lower than the national average
  • New Mexico general sales tax is 2% lower than the national average
  • New Mexico state income tax is 35% lower than the national average

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Compare Las Palomas, NM Cost of Living

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      Salary Calculator

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      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$47,273$3,939$1,103$1,418
      Renters$0$0$0$0

      New Mexico Sales Tax

      State General Sales Tax With Max Surtax
      New Mexico 5% 8.688%

      New Mexico Income Tax

      State Income Tax (Low) Income Tax (High)
      New Mexico 1.7% 5.9%

      Goods & Services

      Item Las Palomas National avg. Difference
      Haircut $24.56$24.261.2%
      Beauty Salon $46.00$45.561.0%
      Toothpaste $3.67$3.700.8%
      Shampoo $1.09$1.2815.2%
      Movie $13.00$12.137.1%
      Bowling $14.33$18.0020.4%

      Groceries

      Item Las Palomas National avg. Difference
      Ground Beef $5.69$5.842.6%
      Fried Chicken $1.32$1.5716.1%
      Milk $4.53$4.673.0%
      Potatoes $4.15$4.9315.8%
      Pizza $12.38$12.092.4%
      Beer $10.68$10.412.5%

      Health Care

      Item Las Palomas National avg. Difference
      Optometrist $150.67$125.6819.9%
      Doctor $140.33$135.783.4%
      Dentist $113.72$113.290.4%
      Ibuprofen $10.29$10.653.4%
      Lipitor $517.39$468.6010.4%

      Housing

      Item Las Palomas National avg. Difference
      Home Price $118,200.00$184,700.0036.0%
      Avg. Mortgage Payment $2,303.17$2,346.691.9%
      Apartment Rent $0.00$949.00100.0%

      Transportation

      Item Las Palomas National avg. Difference
      Gasoline $3.35$3.463.3%
      Tire Balancing $53.65$59.9210.5%

      Utilities

      Item Las Palomas National avg. Difference
      All Electricity $192.00$193.991.0%
      Phone $189.63$192.251.4%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Hot Springs Landing, NM47937.0%
      Caballo, NM118937.0%
      Oasis, NM117937.0%
      Arrey, NM0937.0%
      Williamsburg, NM4817920.8%
      Las Palomas, NM1158415.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Nikolai, AK115946.2%
      Onycha, AL1158613.7%
      Staves, AR115946.4%
      Wet Camp Village, AZ11511110.6%
      Mettler, CA1151022.3%
      Las Palomas, NM1158415.7%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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