Cost of living in Aztec 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 Aztec 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 Aztec is 86, with 100 being the average.
The cost of living index in Aztec is 0.9x lower than the national average.
Aztec ranks as the #18 cheapest in New Mexico out of 44.
Aztec ranks as the #938 cheapest out of 6,412 in the US.
The median home value in Aztec is $149,600.
The median income in Aztec is $46,509.
According to the most recent data on the cost of living, Aztec has an overall cost of living index of 86, which is 0.9x lower than the national index of 100.
Compared to New Mexico, Aztec has a cost of living index that's 0.9x lower than New Mexico's index of 94.
The standard of living in Aztec ranks as #18 most affordable out of the 44 places we measured in New Mexico. By definition, that implies Aztec ranks as the #26 most expensive place in the Land of Enchantment.
For more reading on life in Aztec, check out:
Six factors go into calculating the cost of living index in Aztec. Here is how it fairs on each of the criteria:
The Services index in Aztec is 88.
The Groceries index in Aztec is 98.
The Health index in Aztec is 99.
The Housing index in Aztec is 83.
The Transportation index in Aztec is 87.
The Utilities index in Aztec is 94.
|Living Expense||Aztec||New Mexico||National Average|
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 2017-2021. The key points are:
The Median Home Value in Aztec is $149,600.
The Median Rent in Aztec is $775.
The Median Income in Aztec is $46,509.
The Home Value To Income in Aztec is 3.2x.
The Rent To Monthly Income in Aztec is 0.2x.
|Statistic||Aztec||New Mexico||United States|
|Median Home Value||$149,600||$184,800||$244,900|
|Home Value To Income||3.2x||3.4x||3.5x|
|Rent To Monthly Income||0.2x||0.2x||0.2x|
The cost of living varies in the cities and towns around Aztec. Here's a quick look at the cost of living in the most populous nearby places:
Farmington, NM has a cost of living index of 92, 1.1x Aztec.
Bloomfield, NM has a cost of living index of 86, 1.0x Aztec.