North Valley, NM Cost Of Living

Demographics | Cost Of Living
Updated: 2021-02-06
North Valley's Overall Cost Of Living
Lower Than The National Average
38 out of 46
In New Mexico
2,651 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 North Valley is expensive, while a number below 100 means it's a relatively cheap place to live.

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 96 which is 1.0x lower than the national index of 100.

Compared to only New Mexico, North Valley has a cost of living index that's 1.0x higher than New Mexico's index of 92.

The standard of living in North Valley ranks as #2,652 most affordable out of the 6,522 places we measured in New Mexico. By definition, that implies North Valley ranks as the #3,754 most expensive place in the Land of Enchantment.

For more reading on life in North Valley, check out:

North Valley Cost Of Living Vs. New Mexico

Living Expense North Valley New Mexico National Average
Overall 96 92 100
Services 90 92 100
Groceries 96 99 100
Health 100 99 100
Housing 105 86 100
Transportation 89 97 100
Utilities 95 87 100
For more reading on cost of living around New Mexico, check out:
North Valley Cost of Living Vs. NM

North Valley, 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.

Median Home Value
Median Rent
Median Income
Statistic North Valley New Mexico United States
Median Home Value $221,500 $171,400 $217,500
Median Rent $852 $844 $1,062
Median Income $53,744 $49,754 $62,843
Home Value To Income 4.1x 3.4x 3.5x
Rent To Monthly Income 0.19x 0.2x 0.2x

Detailed North Valley Services Costs Vs. New Mexico

Item North Valley New Mexico
Shampoo $0.88 $1.01
Movie $9.5 $10.72
Bowling $11.2 $13.86

Detailed North Valley Groceries Costs Vs. New Mexico

Item North Valley New Mexico
Ground Beef $3.93 $3.9
Fried Chicken $1.0 $1.4
Milk $1.57 $1.96

Detailed North Valley Health Costs Vs. New Mexico

Item North Valley New Mexico
Haircut $15.75 $17.49
Beauty Salon $34.7 $38.17
Toothpaste $2.14 $2.32

Detailed North Valley Transportation Costs Vs. New Mexico

Item North Valley 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 North Valley Utilities Costs Vs. New Mexico

Item North Valley New Mexico
Gasoline $2.32 $2.59
Tire Balancing $45.2 $48.9
All Electricity $151.8 $167.6
Phone $183.06 $163.42

North Valley SnackAbility

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Cost Of Living In Cities Around North Valley

City Population Cost Of Living Vs. North Valley
Albuquerque, NM 559,374 95 1.0x
Rio Rancho, NM 96,210 95 1.0x
South Valley, NM 40,080 89 0.9x
Bernalillo, NM 9,669 88 0.9x
Corrales, NM 8,588 122 1.3x
Los Ranchos de Albuquerque, NM 6,114 111 1.2x

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