Cost Of Living in Loco Hills, 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	Loco Hills	New Mexico	National
Cost of living	96	93	100
Goods & Services	97	97	100
Groceries	97	97	100
Health care	94	97	100
Housing	n/a	86	100
Transportation	94	95	100
Utilities	99	90	100

New Real Estate Listings in Loco Hills Area

For Sale For Rent

Search

Search Homes for Sale in Loco Hills, NM

See How Much House You Can Afford. Get Pre-Approved Today

Cost Of Living Quick Facts

The cost of living in Loco Hills is 4% higher than the New Mexico average
The cost of living in Loco Hills is 4% lower than the national average
Loco Hills housing is 18% 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

Most Affordable Places to Live in and Around Loco Hills

See all the best places to live around Loco Hills

Compare Loco Hills, NM Cost of Living

Write a review to give others more information about this area.

See all Loco Hills poll results

The best places in New Mexico

Here are the best places to live in New Mexico

Most Dangerous Cities In The US

Check out the 10 most dangerous cities in New Mexico

See the best places to live in Loco Hills

Salary Calculator

This is how much you would need to earn in

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	$0	$0	$0	$0
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	Loco Hills	National avg.	Difference
Haircut	$27.73	$24.26	14.3%
Beauty Salon	$70.27	$45.56	54.2%
Toothpaste	$3.61	$3.70	2.5%
Shampoo	$1.15	$1.28	10.2%
Movie	$11.70	$12.13	3.6%
Bowling	$17.73	$18.00	1.5%

Groceries

Item	Loco Hills	National avg.	Difference
Ground Beef	$5.50	$5.84	5.8%
Fried Chicken	$1.67	$1.57	6.0%
Milk	$4.58	$4.67	2.0%
Potatoes	$4.86	$4.93	1.5%
Pizza	$11.64	$12.09	3.7%
Beer	$10.47	$10.41	0.6%

Health Care

Item	Loco Hills	National avg.	Difference
Optometrist	$134.65	$125.68	7.1%
Doctor	$146.52	$135.78	7.9%
Dentist	$122.61	$113.29	8.2%
Ibuprofen	$10.35	$10.65	2.8%
Lipitor	$466.56	$468.60	0.4%

Housing

Item	Loco Hills	National avg.	Difference
Home Price	$0.00	$184,700.00	100.0%
Avg. Mortgage Payment	$1,699.62	$2,346.69	27.6%
Apartment Rent	$0.00	$949.00	100.0%

Transportation

Item	Loco Hills	National avg.	Difference
Gasoline	$3.06	$3.46	11.5%
Tire Balancing	$61.55	$59.92	2.7%

Utilities

Item	Loco Hills	National avg.	Difference
All Electricity	$137.32	$193.99	29.2%
Phone	$207.58	$192.25	8.0%

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.
Loco Hills, NM	22	96	3.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Dot Lake Village, AK	22	136	35.7%
Coppock, IA	22	98	1.6%
Pioneer, IA	22	99	0.7%
Byers, KS	22	76	23.9%
Irwin, MO	22	91	9.3%
Loco Hills, NM	22	96	3.6%

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 Loco Hills, NM