Corrales, NM Cost Of Living
Corrales's Overall Cost Of Living
Higher Than The National Average
In New Mexico
In America
What is the cost of living in Corrales, NM?
According to the most recent data on the cost of living, Corrales has an overall cost of living index of 120 which is 1.2x higher than the national index of 100.
Compared to only New Mexico, Corrales has a cost of living index that's 1.3x higher than New Mexico's index of 92.
The standard of living in Corrales ranks as #4,800 most affordable out of the 6,418 places we measured in New Mexico. By definition, that implies Corrales ranks as the #1,619 most expensive place in the Land of Enchantment.
Corrales Cost Of Living Vs. New Mexico
| Living Expense | Corrales | New Mexico | National Average | |
|---|---|---|---|---|
| Overall | 120 | 92 | 100 | |
| Services | 87 | 92 | 100 | |
| Groceries | 99 | 94 | 100 | |
| Health | 100 | 98 | 100 | |
| Housing | 194 | 87 | 100 | |
| Transportation | 89 | 88 | 100 | |
| Utilities | 95 | 91 | 100 | |
Corrales, NM Housing Cost Breakdown
Housing swings affordability the most between places in New Mexico, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
Median Home Value
Median Rent
Median Income
| Statistic | Corrales | New Mexico | United States |
|---|---|---|---|
| Median Home Value | $437,500 | $175,700 | $229,800 |
| Median Rent | $1,146 | $857 | $1,096 |
| Median Income | $84,398 | $51,243 | $64,994 |
| Home Value To Income | 5.2x | 3.4x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.2x | 0.2x |
Detailed Corrales Services Costs Vs. New Mexico
| Item | Corrales | New Mexico |
|---|---|---|
| Shampoo | $0.92 | $1.06 |
| Movie | $9.5 | $10.68 |
| Bowling | $11.2 | $14.67 |
Detailed Corrales Groceries Costs Vs. New Mexico
| Item | Corrales | New Mexico |
|---|---|---|
| Ground Beef | $4.9 | $4.22 |
| Fried Chicken | $1.11 | $1.39 |
| Milk | $1.96 | $2.05 |
Detailed Corrales Health Costs Vs. New Mexico
| Item | Corrales | New Mexico |
|---|---|---|
| Haircut | $18.38 | $18.62 |
| Beauty Salon | $35.53 | $39.05 |
| Toothpaste | $2.79 | $2.34 |
Detailed Corrales Transportation Costs Vs. New Mexico
| Item | Corrales | New Mexico |
|---|---|---|
| Potatoes | $3.05 | $3.29 |
| Pizza | $9.67 | $10.62 |
| Beer | $8.22 | $9.38 |
| Optometrist | $118.86 | $108.57 |
| Doctor | $127.67 | $116.17 |
| Dentist | $86.56 | $99.13 |
Detailed Corrales Utilities Costs Vs. New Mexico
| Item | Corrales | New Mexico |
|---|---|---|
| Gasoline | $1.97 | $2.22 |
| Tire Balancing | $40.79 | $50.07 |
| All Electricity | $150.01 | $167.67 |
| Phone | $183.97 | $175.64 |
Corrales SnackAbility
/10
Cost Of Living In Cities Around Corrales
| City | Population | Cost Of Living | Vs. Corrales |
|---|---|---|---|
| Albuquerque, NM | 560,447 | 98 | 0.8x |
| Rio Rancho, NM | 97,976 | 94 | 0.8x |
| South Valley, NM | 39,150 | 88 | 0.7x |
| North Valley, NM | 13,331 | 96 | 0.8x |
| Bernalillo, NM | 10,077 | 85 | 0.7x |
| Los Ranchos de Albuquerque, NM | 6,120 | 108 | 0.9x |
