Los Ranchos de Albuquerque, NM Cost Of Living
Cost Of Living In Los Ranchos de Albuquerque, NM Summary
Cost of living in Los Ranchos de Albuquerque 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 Los Ranchos de Albuquerque 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 Los Ranchos de Albuquerque is 127, with 100 being the average.
The cost of living index in Los Ranchos de Albuquerque is 1.3x higher than the national average.
Los Ranchos de Albuquerque ranks as the #43 cheapest in New Mexico out of 45.
Los Ranchos de Albuquerque ranks as the #4,833 cheapest out of 6,489 in the US.
The median home value in Los Ranchos de Albuquerque is $691,787.
The median income in Los Ranchos de Albuquerque is $70,801.
Table Of Contents
Los Ranchos de Albuquerque's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Los Ranchos de Albuquerque, NM?
According to the most recent data on the cost of living, Los Ranchos de Albuquerque has an overall cost of living index of 127, which is 1.3x higher than the national index of 100.
Compared to New Mexico, Los Ranchos de Albuquerque has a cost of living index that's 1.4x higher than New Mexico's index of 93.
The standard of living in Los Ranchos de Albuquerque ranks as #43 most affordable out of the 45 places we measured in New Mexico. By definition, that implies Los Ranchos de Albuquerque ranks as the #2 most expensive place in the Land of Enchantment.
For more reading on life in Los Ranchos de Albuquerque, check out:
In New Mexico
In America
Los Ranchos de Albuquerque Cost Of Living Vs. New Mexico
Six factors go into calculating the cost of living index in Los Ranchos de Albuquerque. Here is how it fairs on each of the criteria:
The Services index in Los Ranchos de Albuquerque is 102.
The Groceries index in Los Ranchos de Albuquerque is 98.
The Health index in Los Ranchos de Albuquerque is 95.
The Housing index in Los Ranchos de Albuquerque is 193.
The Transportation index in Los Ranchos de Albuquerque is 93.
The Utilities index in Los Ranchos de Albuquerque is 97.
| Living Expense | Los Ranchos de Albuquerque | New Mexico | National Average | |
|---|---|---|---|---|
| Overall | 127 | 93 | 100 | |
| Services | 102 | 97 | 100 | |
| Groceries | 98 | 98 | 100 | |
| Health | 95 | 98 | 100 | |
| Housing | 193 | 85 | 100 | |
| Transportation | 93 | 93 | 100 | |
| Utilities | 97 | 91 | 100 | |
Los Ranchos de Albuquerque, 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 Los Ranchos de Albuquerque is $691,787.
The Median Rent in Los Ranchos de Albuquerque is $990.
The Median Income in Los Ranchos de Albuquerque is $70,801.
The Home Value To Income in Los Ranchos de Albuquerque is 9.8x.
The Rent To Monthly Income in Los Ranchos de Albuquerque is 0.17x.
| Statistic | Los Ranchos de Albuquerque | New Mexico | United States |
|---|---|---|---|
| Median Home Value | $691,787 | $311,815 | $303,400 |
| Median Rent | $990 | $1,021 | $1,348 |
| Median Income | $70,801 | $62,125 | $78,538 |
| Home Value To Income | 9.8x | 5.0x | 3.9x |
| Rent To Monthly Income | 0.17x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Los Ranchos de Albuquerque, NM Costs By Category
Detailed Los Ranchos de Albuquerque Services Costs Vs. New Mexico
| Item | Los Ranchos de Albuquerque | New Mexico |
|---|---|---|
| Shampoo | $1.15 | $1.28 |
| Movie | $12.54 | $12.13 |
| Bowling | $20.89 | $18.0 |
| Haircut | $31.9 | $24.26 |
| Beauty Salon | $50.83 | $45.56 |
Detailed Los Ranchos de Albuquerque Groceries Costs Vs. New Mexico
| Item | Los Ranchos de Albuquerque | 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 Los Ranchos de Albuquerque Health Costs Vs. New Mexico
| Item | Los Ranchos de Albuquerque | New Mexico |
|---|---|---|
| Optometrist | $136.89 | $125.68 |
| Doctor | $134.17 | $135.78 |
| Dentist | $111.42 | $113.29 |
Detailed Los Ranchos de Albuquerque Transportation Costs Vs. New Mexico
| Item | Los Ranchos de Albuquerque | New Mexico |
|---|---|---|
| Gasoline | $3.5 | $3.46 |
| Tire Balancing | $43.87 | $59.92 |
Detailed Los Ranchos de Albuquerque Utilities Costs Vs. New Mexico
| Item | Los Ranchos de Albuquerque | New Mexico |
|---|---|---|
| All Electricity | $191.24 | $193.99 |
| Phone | $190.51 | $192.25 |
Los Ranchos De Albuquerque SnackAbility
/10
Cost Of Living In Cities Around Los Ranchos de Albuquerque
The cost of living varies in the cities and towns around Los Ranchos de Albuquerque. 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 99, 0.8x Los Ranchos de Albuquerque.
Rio Rancho, NM has a cost of living index of 103, 0.8x Los Ranchos de Albuquerque.
South Valley, NM has a cost of living index of 93, 0.7x Los Ranchos de Albuquerque.
| City | Population | Cost Of Living | Vs. Los Ranchos de Albuquerque |
|---|---|---|---|
| Albuquerque, NM | 562,488 | 99 | 0.8x |
| Rio Rancho, NM | 106,533 | 103 | 0.8x |
| South Valley, NM | 36,605 | 93 | 0.7x |
| North Valley, NM | 11,474 | 98 | 0.8x |
| Bernalillo, NM | 9,068 | 95 | 0.7x |
| Corrales, NM | 8,557 | 129 | 1.0x |
