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 131, which is 1.3x higher than the national index of 100.
Compared to New Mexico, Corrales has a cost of living index that's 1.4x higher than New Mexico's index of 93.
The standard of living in Corrales ranks as #44 most affordable out of the 45 places we measured in New Mexico. By definition, that implies Corrales ranks as the #1 most expensive place in the Land of Enchantment.
For more reading on life in Corrales, check out:
Corrales Cost Of Living Vs. New Mexico
Six factors go into calculating the cost of living index in Corrales. Here is how it fares on each of the criteria:
The Services index in Corrales is 99.
The Groceries index in Corrales is 98.
The Health index in Corrales is 207.
The Housing index in Corrales is 98.
The Transportation index in Corrales is 100.
The Utilities index in Corrales is 95.
| Living Expense | Corrales | New Mexico | National Average |
|---|---|---|---|
| Overall | 131 | 93 | 100 |
| Services | 99 | 98 | 100 |
| Groceries | 98 | 96 | 100 |
| Health | 207 | 86 | 100 |
| Housing | 98 | 99 | 100 |
| Transportation | 100 | 95 | 100 |
| Utilities | 95 | 94 | 100 |
Corrales Cost Of Living Compared To New Mexico Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around New Mexico, check out:
Protect your home budget Compare home warranties in Corrales Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Corrales, 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 2020-2024. The key points are:
The Median Home Value in Corrales is $703,888.
The Median Rent in Corrales is $1,143.
The Median Income in Corrales is $102,307.
The Home Value To Income in Corrales is 6.9x.
The Rent To Monthly Income in Corrales is 0.13x.
| Statistic | Corrales | New Mexico | United States |
|---|---|---|---|
| Median Home Value | $703,888 | $316,750 | $332,700 |
| Median Rent | $1,143 | $1,067 | $1,413 |
| Median Income | $102,307 | $64,059 | $80,734 |
| Home Value To Income | 6.9x | 4.9x | 4.1x |
| Rent To Monthly Income | 0.13x | 0.2x | 0.21x |
Corrales, NM Costs By Category
Detailed Corrales Services costs vs. New Mexico
| Item | Corrales | 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 Corrales Groceries costs vs. New Mexico
| Item | Corrales | 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 Corrales Health costs vs. New Mexico
| Item | Corrales | New Mexico |
|---|---|---|
| Optometrist | $136.89 | $125.68 |
| Doctor | $134.17 | $135.78 |
| Dentist | $111.42 | $113.29 |
Detailed Corrales Transportation costs vs. New Mexico
| Item | Corrales | New Mexico |
|---|---|---|
| Gasoline | $3.5 | $3.46 |
| Tire Balancing | $43.87 | $59.92 |
Detailed Corrales Utilities costs vs. New Mexico
| Item | Corrales | New Mexico |
|---|---|---|
| All Electricity | $191.24 | $193.99 |
| Phone | $190.51 | $192.25 |
Corrales SnackAbility
Cost Of Living In Cities Around Corrales
The cost of living varies in the cities and towns around Corrales. 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 102, 0.8x Corrales.
Rio Rancho, NM has a cost of living index of 100, 0.8x Corrales.
South Valley, NM has a cost of living index of 92, 0.7x Corrales.
| City | Population | Cost Of Living | Vs. Corrales |
|---|---|---|---|
| Albuquerque, NM | 562,218 | 102 | 0.8x |
| Rio Rancho, NM | 108,515 | 100 | 0.8x |
| South Valley, NM | 37,120 | 92 | 0.7x |
| North Valley, NM | 10,455 | 99 | 0.8x |
| Bernalillo, NM | 9,086 | 96 | 0.7x |
| Los Ranchos de Albuquerque, NM | 5,857 | 127 | 1.0x |
