Los Ranchos de Albuquerque, NM Cost Of Living

Demographics | Cost Of Living
Updated: 2021-02-06
111
Los Ranchos de Albuquerque's Overall Cost Of Living
1.1x
Higher Than The National Average
44 out of 46
In New Mexico
4,210 out of 6,399
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 111 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 #4,212 most affordable out of the 6,522 places we measured in New Mexico. By definition, that implies Los Ranchos de Albuquerque ranks as the #2,195 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 111 92 100
Services 90 92 100
Groceries 96 99 100
Health 100 99 100
Housing 154 86 100
Transportation 89 97 100
Utilities 95 87 100
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.

$447,700
Median Home Value
$760
Median Rent
$64,732
Median Income
Statistic Los Ranchos de Albuquerque New Mexico United States
Median Home Value $447,700 $171,400 $217,500
Median Rent $760 $844 $1,062
Median Income $64,732 $49,754 $62,843
Home Value To Income 6.9x 3.4x 3.5x
Rent To Monthly Income 0.14x 0.2x 0.2x

Detailed Los Ranchos de Albuquerque Services Costs Vs. New Mexico

Item Los Ranchos de Albuquerque New Mexico
Shampoo $0.88 $1.01
Movie $9.5 $10.72
Bowling $11.2 $13.86

Detailed Los Ranchos de Albuquerque Groceries Costs Vs. New Mexico

Item Los Ranchos de Albuquerque New Mexico
Ground Beef $3.93 $3.9
Fried Chicken $1.0 $1.4
Milk $1.57 $1.96

Detailed Los Ranchos de Albuquerque Health Costs Vs. New Mexico

Item Los Ranchos de Albuquerque New Mexico
Haircut $15.75 $17.49
Beauty Salon $34.7 $38.17
Toothpaste $2.14 $2.32

Detailed Los Ranchos de Albuquerque Transportation Costs Vs. New Mexico

Item Los Ranchos de Albuquerque New Mexico
Potatoes $2.03 $3.18
Pizza $9.59 $10.39
Beer $8.27 $9.23
Optometrist $131.73 $106.34
Doctor $138.75 $115.25
Dentist $79.72 $98.38

Detailed Los Ranchos de Albuquerque Utilities Costs Vs. New Mexico

Item Los Ranchos de Albuquerque New Mexico
Gasoline $2.32 $2.59
Tire Balancing $45.2 $48.9
All Electricity $151.8 $167.6
Phone $183.06 $163.42

Los Ranchos De Albuquerque SnackAbility

7
/10
Overall SnackAbility
Jobs
8/10
Housing
8
Affordability
7
Diversity
8.5
Safety
N/A
Amenities
8
Education
8.5
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 559,374 95 0.9x
Rio Rancho, NM 96,210 95 0.9x
South Valley, NM 40,080 89 0.8x
North Valley, NM 13,449 96 0.9x
Bernalillo, NM 9,669 88 0.8x
Corrales, NM 8,588 122 1.1x

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