Bernalillo, NM Cost Of Living
Cost Of Living In Bernalillo, NM Summary
Cost of living in Bernalillo 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 Bernalillo 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 Bernalillo is 85, with 100 being the average.
The cost of living index in Bernalillo is 0.8x lower than the national average.
Bernalillo ranks as the #14 cheapest in New Mexico out of 44.
Bernalillo ranks as the #777 cheapest out of 6,412 in the US.
The median home value in Bernalillo is $182,400.
The median income in Bernalillo is $54,850.
Table Of Contents
Bernalillo's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Bernalillo, NM?
According to the most recent data on the cost of living, Bernalillo has an overall cost of living index of 85, which is 0.8x lower than the national index of 100.
Compared to New Mexico, Bernalillo has a cost of living index that's 0.9x lower than New Mexico's index of 94.
The standard of living in Bernalillo ranks as #14 most affordable out of the 44 places we measured in New Mexico. By definition, that implies Bernalillo ranks as the #30 most expensive place in the Land of Enchantment.
For more reading on life in Bernalillo, check out:
- Living In Bernalillo
- Bernalillo Crime Report
- Search Homes For Sale In Bernalillo, NM
In New Mexico
In America
Bernalillo Cost Of Living Vs. New Mexico
Six factors go into calculating the cost of living index in Bernalillo. Here is how it fairs on each of the criteria:
The Services index in Bernalillo is 86.
The Groceries index in Bernalillo is 99.
The Health index in Bernalillo is 100.
The Housing index in Bernalillo is 80.
The Transportation index in Bernalillo is 89.
The Utilities index in Bernalillo is 96.
| Living Expense | Bernalillo | New Mexico | National Average | |
|---|---|---|---|---|
| Overall | 85 | 94 | 100 | |
| Services | 86 | 97 | 100 | |
| Groceries | 99 | 96 | 100 | |
| Health | 100 | 100 | 100 | |
| Housing | 80 | 88 | 100 | |
| Transportation | 89 | 96 | 100 | |
| Utilities | 96 | 91 | 100 | |
Bernalillo, 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 2017-2021. The key points are:
The Median Home Value in Bernalillo is $182,400.
The Median Rent in Bernalillo is $802.
The Median Income in Bernalillo is $54,850.
The Home Value To Income in Bernalillo is 3.3x.
The Rent To Monthly Income in Bernalillo is 0.18x.
| Statistic | Bernalillo | New Mexico | United States |
|---|---|---|---|
| Median Home Value | $182,400 | $184,800 | $244,900 |
| Median Rent | $802 | $897 | $1,163 |
| Median Income | $54,850 | $54,020 | $69,021 |
| Home Value To Income | 3.3x | 3.4x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Bernalillo, NM Costs By Category
Detailed Bernalillo Services Costs Vs. New Mexico
| Item | Bernalillo | New Mexico |
|---|---|---|
| Shampoo | $0.92 | $1.06 |
| Movie | $9.5 | $10.68 |
| Bowling | $11.2 | $14.67 |
| Haircut | $18.38 | $18.62 |
| Beauty Salon | $35.53 | $39.05 |
Detailed Bernalillo Groceries Costs Vs. New Mexico
| Item | Bernalillo | New Mexico |
|---|---|---|
| Ground Beef | $4.9 | $4.22 |
| Fried Chicken | $1.11 | $1.39 |
| Milk | $1.96 | $2.05 |
| Potatoes | $3.05 | $3.29 |
| Pizza | $9.67 | $10.62 |
| Beer | $8.22 | $9.38 |
| Toothpaste | $2.79 | $2.34 |
Detailed Bernalillo Health Costs Vs. New Mexico
| Item | Bernalillo | New Mexico |
|---|---|---|
| Optometrist | $118.86 | $108.57 |
| Doctor | $127.67 | $116.17 |
| Dentist | $86.56 | $99.13 |
Detailed Bernalillo Transportation Costs Vs. New Mexico
| Item | Bernalillo | New Mexico |
|---|---|---|
| Gasoline | $1.97 | $2.22 |
| Tire Balancing | $40.79 | $50.07 |
Detailed Bernalillo Utilities Costs Vs. New Mexico
| Item | Bernalillo | New Mexico |
|---|---|---|
| All Electricity | $150.01 | $167.67 |
| Phone | $183.97 | $175.64 |
Bernalillo SnackAbility
/10
Cost Of Living In Cities Around Bernalillo
The cost of living varies in the cities and towns around Bernalillo. Here's a quick look at the cost of living in the most populous nearby places:
Albuquerque, NM has a cost of living index of 98, 1.2x Bernalillo.
Rio Rancho, NM has a cost of living index of 94, 1.1x Bernalillo.
North Valley, NM has a cost of living index of 96, 1.1x Bernalillo.
| City | Population | Cost Of Living | Vs. Bernalillo |
|---|---|---|---|
| Albuquerque, NM | 562,336 | 98 | 1.2x |
| Rio Rancho, NM | 102,403 | 94 | 1.1x |
| North Valley, NM | 12,594 | 96 | 1.1x |
| Corrales, NM | 8,488 | 120 | 1.4x |
| Los Ranchos de Albuquerque, NM | 5,904 | 108 | 1.3x |
