Bloomfield, NM Cost Of Living
Cost Of Living In Bloomfield, NM Summary
Cost of living in Bloomfield 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 Bloomfield 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 Bloomfield is 93, with 100 being the average.
The cost of living index in Bloomfield is 0.9x lower than the national average.
Bloomfield ranks as the #25 cheapest in New Mexico out of 45.
Bloomfield ranks as the #1,658 cheapest out of 6,489 in the US.
The median home value in Bloomfield is $239,658.
The median income in Bloomfield is $51,212.
Table Of Contents
Bloomfield's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Bloomfield, NM?
According to the most recent data on the cost of living, Bloomfield has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.
Compared to New Mexico, Bloomfield has a cost of living index that's 1.0x lower than New Mexico's index of 95.
The standard of living in Bloomfield ranks as #25 most affordable out of the 45 places we measured in New Mexico. By definition, that implies Bloomfield ranks as the #20 most expensive place in the Land of Enchantment.
For more reading on life in Bloomfield, check out:
In New Mexico
In America
Bloomfield Cost Of Living Vs. New Mexico
Six factors go into calculating the cost of living index in Bloomfield. Here is how it fairs on each of the criteria:
The Services index in Bloomfield is 102.
The Groceries index in Bloomfield is 98.
The Health index in Bloomfield is 95.
The Housing index in Bloomfield is 80.
The Transportation index in Bloomfield is 94.
The Utilities index in Bloomfield is 100.
| Living Expense | Bloomfield | New Mexico | National Average | |
|---|---|---|---|---|
| Overall | 93 | 95 | 100 | |
| Services | 102 | 96 | 100 | |
| Groceries | 98 | 96 | 100 | |
| Health | 95 | 95 | 100 | |
| Housing | 80 | 87 | 100 | |
| Transportation | 94 | 93 | 100 | |
| Utilities | 100 | 89 | 100 | |
Bloomfield, 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 Bloomfield is $239,658.
The Median Rent in Bloomfield is $831.
The Median Income in Bloomfield is $51,212.
The Home Value To Income in Bloomfield is 4.7x.
The Rent To Monthly Income in Bloomfield is 0.19x.
| Statistic | Bloomfield | New Mexico | United States |
|---|---|---|---|
| Median Home Value | $239,658 | $311,815 | $303,400 |
| Median Rent | $831 | $1,021 | $1,348 |
| Median Income | $51,212 | $62,125 | $78,538 |
| Home Value To Income | 4.7x | 5.0x | 3.9x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Bloomfield, NM Costs By Category
Detailed Bloomfield Services Costs Vs. New Mexico
| Item | Bloomfield | New Mexico |
|---|---|---|
| Shampoo | $1.15 | $1.28 |
| Movie | $12.54 | $12.13 |
| Bowling | $20.89 | $18 |
| Haircut | $31.9 | $24.26 |
| Beauty Salon | $50.83 | $45.56 |
Detailed Bloomfield Groceries Costs Vs. New Mexico
| Item | Bloomfield | New Mexico |
|---|---|---|
| Ground Beef | $5.11 | $5.84 |
| Fried Chicken | $1.32 | $1.57 |
| Milk | $4.63 | $4.67 |
| Potatoes | $4.18 | $4.93 |
| Pizza | $13.42 | $12.09 |
| Beer | $11.07 | $10.41 |
| Toothpaste | $3.62 | $3.7 |
Detailed Bloomfield Health Costs Vs. New Mexico
| Item | Bloomfield | New Mexico |
|---|---|---|
| Optometrist | $136.89 | $125.68 |
| Doctor | $134.17 | $135.78 |
| Dentist | $111.42 | $113.29 |
Detailed Bloomfield Transportation Costs Vs. New Mexico
| Item | Bloomfield | New Mexico |
|---|---|---|
| Gasoline | $3.5 | $3.46 |
| Tire Balancing | $43.87 | $59.92 |
Detailed Bloomfield Utilities Costs Vs. New Mexico
| Item | Bloomfield | New Mexico |
|---|---|---|
| All Electricity | $191.24 | $193.99 |
| Phone | $190.51 | $192.25 |
Bloomfield SnackAbility
/10
Cost Of Living In Cities Around Bloomfield
The cost of living varies in the cities and towns around Bloomfield. 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 99, 1.1x Bloomfield.
Aztec, NM has a cost of living index of 96, 1.0x Bloomfield.
| City | Population | Cost Of Living | Vs. Bloomfield |
|---|---|---|---|
| Farmington, NM | 46,339 | 99 | 1.1x |
| Aztec, NM | 6,177 | 96 | 1.0x |
