Cost Of Living in Lee Acres, NM

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	Lee Acres	New Mexico	National
Cost of living	96	93	100
Goods & Services	100	97	100
Groceries	97	97	100
Health care	96	97	100
Housing	92	86	100
Transportation	93	95	100
Utilities	99	90	100

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Cost Of Living Quick Facts

The cost of living in Lee Acres is 4% higher than the New Mexico average
The cost of living in Lee Acres is 4% lower than the national average
Lee Acres housing is 8% 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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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	$70,794	$5,900	$1,652	$2,124
Renters	$29,705	$2,475	$693	$891

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Lee Acres, NM, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Lee Acres homeowners, is $70,794. This would allow for a maximum of $1,652 per month to be spent on housing costs. For renters, the median monthly income is $29,705 which would result in a maximum of $693 to be spent on rental costs.

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	Lee Acres	National avg.	Difference
Haircut	$31.90	$24.26	31.5%
Beauty Salon	$50.83	$45.56	11.6%
Toothpaste	$3.62	$3.70	2.3%
Shampoo	$1.15	$1.28	10.5%
Movie	$12.54	$12.13	3.3%
Bowling	$20.89	$18.00	16.1%

Groceries

Item	Lee Acres	National avg.	Difference
Ground Beef	$5.11	$5.84	12.5%
Fried Chicken	$1.32	$1.57	16.1%
Milk	$4.63	$4.67	1.0%
Potatoes	$4.18	$4.93	15.3%
Pizza	$13.42	$12.09	11.0%
Beer	$11.07	$10.41	6.4%

Health Care

Item	Lee Acres	National avg.	Difference
Optometrist	$136.89	$125.68	8.9%
Doctor	$134.17	$135.78	1.2%
Dentist	$111.42	$113.29	1.7%
Ibuprofen	$10.43	$10.65	2.1%
Lipitor	$380.06	$468.60	18.9%

Housing

Item	Lee Acres	National avg.	Difference
Home Price	$169,600.00	$184,700.00	8.2%
Avg. Mortgage Payment	$1,905.97	$2,346.69	18.8%
Apartment Rent	$880.00	$949.00	7.3%

Transportation

Item	Lee Acres	National avg.	Difference
Gasoline	$3.50	$3.46	1.1%
Tire Balancing	$43.87	$59.92	26.8%

Utilities

Item	Lee Acres	National avg.	Difference
All Electricity	$191.24	$193.99	1.4%
Phone	$190.51	$192.25	0.9%

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.
Blanco, NM	465	98	2.1%
Napi Headquarters, NM	717	78	21.6%
Upper Fruitland, NM	1,601	81	18.7%
Bloomfield, NM	7,791	92	7.8%
La Plata, NM	2,078	95	4.5%
Lee Acres, NM	5,318	96	3.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
La Habra Heights, CA	5,318	213	112.6%
Palmerton, PA	5,317	94	5.9%
Saint-Germain-de-Grantham, QC	5,316	n/a
Hawkinsville, GA	5,320	88	12.0%
Morris, MN	5,320	99	1.0%
Lee Acres, NM	5,318	96	3.8%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Lee Acres, NM