North Valley, NM Cost Of Living
Cost Of Living In North Valley, NM Summary
Cost of living in North Valley 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 North Valley 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 North Valley is 98, with 100 being the average.
The cost of living index in North Valley is 1.0x lower than the national average.
North Valley ranks as the #32 cheapest in New Mexico out of 45.
North Valley ranks as the #2,372 cheapest out of 6,489 in the US.
The median home value in North Valley is $390,105.
The median income in North Valley is $67,115.
Table Of Contents
North Valley's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in North Valley, NM?
According to the most recent data on the cost of living, North Valley has an overall cost of living index of 98, which is 1.0x lower than the national index of 100.
Compared to New Mexico, North Valley has a cost of living index that's 1.0x higher than New Mexico's index of 95.
The standard of living in North Valley ranks as #32 most affordable out of the 45 places we measured in New Mexico. By definition, that implies North Valley ranks as the #13 most expensive place in the Land of Enchantment.
For more reading on life in North Valley, check out:
In New Mexico
In America
North Valley Cost Of Living Vs. New Mexico
Six factors go into calculating the cost of living index in North Valley. Here is how it fairs on each of the criteria:
The Services index in North Valley is 98.
The Groceries index in North Valley is 96.
The Health index in North Valley is 97.
The Housing index in North Valley is 106.
The Transportation index in North Valley is 95.
The Utilities index in North Valley is 97.
| Living Expense | North Valley | New Mexico | National Average | |
|---|---|---|---|---|
| Overall | 98 | 95 | 100 | |
| Services | 98 | 96 | 100 | |
| Groceries | 96 | 96 | 100 | |
| Health | 97 | 95 | 100 | |
| Housing | 106 | 87 | 100 | |
| Transportation | 95 | 93 | 100 | |
| Utilities | 97 | 89 | 100 | |
North Valley, 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 North Valley is $390,105.
The Median Rent in North Valley is $1,063.
The Median Income in North Valley is $67,115.
The Home Value To Income in North Valley is 5.8x.
The Rent To Monthly Income in North Valley is 0.19x.
| Statistic | North Valley | New Mexico | United States |
|---|---|---|---|
| Median Home Value | $390,105 | $311,815 | $303,400 |
| Median Rent | $1,063 | $1,021 | $1,348 |
| Median Income | $67,115 | $62,125 | $78,538 |
| Home Value To Income | 5.8x | 5.0x | 3.9x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
North Valley, NM Costs By Category
Detailed North Valley Services Costs Vs. New Mexico
| Item | North Valley | 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 North Valley Groceries Costs Vs. New Mexico
| Item | North Valley | 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 North Valley Health Costs Vs. New Mexico
| Item | North Valley | New Mexico |
|---|---|---|
| Optometrist | $136.89 | $125.68 |
| Doctor | $134.17 | $135.78 |
| Dentist | $111.42 | $113.29 |
Detailed North Valley Transportation Costs Vs. New Mexico
| Item | North Valley | New Mexico |
|---|---|---|
| Gasoline | $3.5 | $3.46 |
| Tire Balancing | $43.87 | $59.92 |
Detailed North Valley Utilities Costs Vs. New Mexico
| Item | North Valley | New Mexico |
|---|---|---|
| All Electricity | $191.24 | $193.99 |
| Phone | $190.51 | $192.25 |
North Valley SnackAbility
/10
Cost Of Living In Cities Around North Valley
The cost of living varies in the cities and towns around North Valley. 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, 1.0x North Valley.
Rio Rancho, NM has a cost of living index of 103, 1.1x North Valley.
South Valley, NM has a cost of living index of 93, 0.9x North Valley.
| City | Population | Cost Of Living | Vs. North Valley |
|---|---|---|---|
| Albuquerque, NM | 562,488 | 99 | 1.0x |
| Rio Rancho, NM | 106,533 | 103 | 1.1x |
| South Valley, NM | 36,605 | 93 | 0.9x |
| Bernalillo, NM | 9,068 | 95 | 1.0x |
| Corrales, NM | 8,557 | 129 | 1.3x |
| Los Ranchos de Albuquerque, NM | 5,869 | 127 | 1.3x |
