Los Ranchos de Albuquerque, NM Cost Of Living

Demographics | Cost Of Living
Updated: 2022-04-07
108
Los Ranchos de Albuquerque's Overall Cost Of Living
1.1x
Higher Than The National Average
42 out of 44
In New Mexico
3,954 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Los Ranchos de Albuquerque is expensive, while a number below 100 means it's a relatively cheap place to live.

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 108 which is 1.1x higher than the national index of 100.

Compared to only New Mexico, Los Ranchos de Albuquerque has a cost of living index that's 1.2x higher than New Mexico's index of 92.

The standard of living in Los Ranchos de Albuquerque ranks as #3,955 most affordable out of the 6,418 places we measured in New Mexico. By definition, that implies Los Ranchos de Albuquerque ranks as the #2,464 most expensive place in the Land of Enchantment.

For more reading on life in Los Ranchos de Albuquerque, check out:

Los Ranchos de Albuquerque Cost Of Living Vs. New Mexico

Living Expense Los Ranchos de Albuquerque New Mexico National Average
Overall 108 92 100
Services 84 92 100
Groceries 95 94 100
Health 97 98 100
Housing 152 87 100
Transportation 88 88 100
Utilities 95 91 100
For more reading on cost of living around New Mexico, check out:
Los Ranchos de Albuquerque Cost of Living Vs. NM

Los Ranchos de Albuquerque, 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.

$435,400
Median Home Value
$824
Median Rent
$62,261
Median Income
Statistic Los Ranchos de Albuquerque New Mexico United States
Median Home Value $435,400 $175,700 $229,800
Median Rent $824 $857 $1,096
Median Income $62,261 $51,243 $64,994
Home Value To Income 7.0x 3.4x 3.5x
Rent To Monthly Income 0.16x 0.2x 0.2x

Detailed Los Ranchos de Albuquerque Services Costs Vs. New Mexico

Item Los Ranchos de Albuquerque New Mexico
Shampoo $0.92 $1.06
Movie $9.5 $10.68
Bowling $11.2 $14.67

Detailed Los Ranchos de Albuquerque Groceries Costs Vs. New Mexico

Item Los Ranchos de Albuquerque New Mexico
Ground Beef $4.9 $4.22
Fried Chicken $1.11 $1.39
Milk $1.96 $2.05

Detailed Los Ranchos de Albuquerque Health Costs Vs. New Mexico

Item Los Ranchos de Albuquerque New Mexico
Haircut $18.38 $18.62
Beauty Salon $35.53 $39.05
Toothpaste $2.79 $2.34

Detailed Los Ranchos de Albuquerque Transportation Costs Vs. New Mexico

Item Los Ranchos de Albuquerque 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 Los Ranchos de Albuquerque Utilities Costs Vs. New Mexico

Item Los Ranchos de Albuquerque New Mexico
Gasoline $1.97 $2.22
Tire Balancing $40.79 $50.07
All Electricity $150.01 $167.67
Phone $183.97 $175.64

Los Ranchos De Albuquerque SnackAbility

7.5
/10
Overall SnackAbility
Jobs
8/10
Housing
8
Affordability
6
Diversity
9
Safety
N/A
Amenities
8
Education
9
Commute
8.5

Cost Of Living In Cities Around Los Ranchos de Albuquerque

City Population Cost Of Living Vs. Los Ranchos de Albuquerque
Albuquerque, NM 560,447 98 0.9x
Rio Rancho, NM 97,976 94 0.9x
South Valley, NM 39,150 88 0.8x
North Valley, NM 13,331 96 0.9x
Bernalillo, NM 10,077 85 0.8x
Corrales, NM 8,636 120 1.1x

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