Artesia, NM Cost Of Living
Cost Of Living In Artesia, NM Summary
Cost of living in Artesia research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Artesia is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New Mexico, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Artesia is 99, with 100 being the average.
The cost of living index in Artesia is 1.0x lower than the national average.
Artesia ranks as the #34 cheapest in New Mexico out of 45.
Artesia ranks as the #2,497 cheapest out of 6,489 in the US.
The median home value in Artesia is $223,060.
The median income in Artesia is $77,647.
Table Of Contents
Artesia's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Artesia, NM?
According to the most recent data on the cost of living, Artesia has an overall cost of living index of 99, which is 1.0x lower than the national index of 100.
Compared to New Mexico, Artesia has a cost of living index that's 1.0x higher than New Mexico's index of 95.
The standard of living in Artesia ranks as #34 most affordable out of the 45 places we measured in New Mexico. By definition, that implies Artesia ranks as the #11 most expensive place in the Land of Enchantment.
For more reading on life in Artesia, check out:
In New Mexico
In America
Artesia Cost Of Living Vs. New Mexico
Six factors go into calculating the cost of living index in Artesia. Here is how it fairs on each of the criteria:
The Services index in Artesia is 97.
The Groceries index in Artesia is 95.
The Health index in Artesia is 95.
The Housing index in Artesia is 98.
The Transportation index in Artesia is 95.
The Utilities index in Artesia is 100.
| Living Expense | Artesia | New Mexico | National Average | |
|---|---|---|---|---|
| Overall | 99 | 95 | 100 | |
| Services | 97 | 96 | 100 | |
| Groceries | 95 | 96 | 100 | |
| Health | 95 | 95 | 100 | |
| Housing | 98 | 87 | 100 | |
| Transportation | 95 | 93 | 100 | |
| Utilities | 100 | 89 | 100 | |
Artesia, NM Housing Cost Breakdown
Housing swings affordability the most between places in New Mexico, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Artesia is $223,060.
The Median Rent in Artesia is $875.
The Median Income in Artesia is $77,647.
The Home Value To Income in Artesia is 2.9x.
The Rent To Monthly Income in Artesia is 0.14x.
| Statistic | Artesia | New Mexico | United States |
|---|---|---|---|
| Median Home Value | $223,060 | $311,815 | $303,400 |
| Median Rent | $875 | $1,021 | $1,348 |
| Median Income | $77,647 | $62,125 | $78,538 |
| Home Value To Income | 2.9x | 5.0x | 3.9x |
| Rent To Monthly Income | 0.14x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Artesia, NM Costs By Category
Detailed Artesia Services Costs Vs. New Mexico
| Item | Artesia | New Mexico |
|---|---|---|
| Shampoo | $1.15 | $1.28 |
| Movie | $11.7 | $12.13 |
| Bowling | $17.73 | $18 |
| Haircut | $27.73 | $24.26 |
| Beauty Salon | $70.27 | $45.56 |
Detailed Artesia Groceries Costs Vs. New Mexico
| Item | Artesia | New Mexico |
|---|---|---|
| Ground Beef | $5.5 | $5.84 |
| Fried Chicken | $1.67 | $1.57 |
| Milk | $4.58 | $4.67 |
| Potatoes | $4.86 | $4.93 |
| Pizza | $11.64 | $12.09 |
| Beer | $10.47 | $10.41 |
| Toothpaste | $3.61 | $3.7 |
Detailed Artesia Health Costs Vs. New Mexico
| Item | Artesia | New Mexico |
|---|---|---|
| Optometrist | $134.65 | $125.68 |
| Doctor | $146.52 | $135.78 |
| Dentist | $122.61 | $113.29 |
Detailed Artesia Transportation Costs Vs. New Mexico
| Item | Artesia | New Mexico |
|---|---|---|
| Gasoline | $3.06 | $3.46 |
| Tire Balancing | $61.55 | $59.92 |
Detailed Artesia Utilities Costs Vs. New Mexico
| Item | Artesia | New Mexico |
|---|---|---|
| All Electricity | $137.32 | $193.99 |
| Phone | $207.58 | $192.25 |
Artesia SnackAbility
/10
Cost Of Living In Cities Around Artesia
The cost of living varies in the cities and towns around Artesia. Here's a quick look at the cost of living in the most populous nearby places:
Roswell, NM has a cost of living index of 84, 0.8x Artesia.
Carlsbad, NM has a cost of living index of 93, 0.9x Artesia.
| City | Population | Cost Of Living | Vs. Artesia |
|---|---|---|---|
| Roswell, NM | 47,823 | 84 | 0.8x |
| Carlsbad, NM | 31,813 | 93 | 0.9x |
