Raton, NM Cost Of Living
Cost Of Living In Raton, NM Summary
Cost of living in Raton 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 Raton 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 Raton is 87, with 100 being the average.
The cost of living index in Raton is 0.9x lower than the national average.
Raton ranks as the #11 cheapest in New Mexico out of 45.
Raton ranks as the #777 cheapest out of 6,489 in the US.
The median home value in Raton is $142,697.
The median income in Raton is $52,007.
Table Of Contents
Raton's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Raton, NM?
According to the most recent data on the cost of living, Raton has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to New Mexico, Raton has a cost of living index that's 0.9x lower than New Mexico's index of 95.
The standard of living in Raton ranks as #11 most affordable out of the 45 places we measured in New Mexico. By definition, that implies Raton ranks as the #34 most expensive place in the Land of Enchantment.
For more reading on life in Raton, check out:
In New Mexico
In America
Raton Cost Of Living Vs. New Mexico
Six factors go into calculating the cost of living index in Raton. Here is how it fairs on each of the criteria:
The Services index in Raton is 99.
The Groceries index in Raton is 99.
The Health index in Raton is 101.
The Housing index in Raton is 57.
The Transportation index in Raton is 100.
The Utilities index in Raton is 92.
| Living Expense | Raton | New Mexico | National Average | |
|---|---|---|---|---|
| Overall | 87 | 95 | 100 | |
| Services | 99 | 96 | 100 | |
| Groceries | 99 | 96 | 100 | |
| Health | 101 | 95 | 100 | |
| Housing | 57 | 87 | 100 | |
| Transportation | 100 | 93 | 100 | |
| Utilities | 92 | 89 | 100 | |
Raton, 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 Raton is $142,697.
The Median Rent in Raton is $734.
The Median Income in Raton is $52,007.
The Home Value To Income in Raton is 2.7x.
The Rent To Monthly Income in Raton is 0.17x.
| Statistic | Raton | New Mexico | United States |
|---|---|---|---|
| Median Home Value | $142,697 | $311,815 | $303,400 |
| Median Rent | $734 | $1,021 | $1,348 |
| Median Income | $52,007 | $62,125 | $78,538 |
| Home Value To Income | 2.7x | 5.0x | 3.9x |
| Rent To Monthly Income | 0.17x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Raton, NM Costs By Category
Detailed Raton Services Costs Vs. New Mexico
| Item | Raton | New Mexico |
|---|---|---|
| Shampoo | $1.22 | $1.28 |
| Movie | $18.99 | $12.13 |
| Bowling | $29.17 | $18 |
| Haircut | $23.33 | $24.26 |
| Beauty Salon | $45.83 | $45.56 |
Detailed Raton Groceries Costs Vs. New Mexico
| Item | Raton | New Mexico |
|---|---|---|
| Ground Beef | $5.63 | $5.84 |
| Fried Chicken | $1.38 | $1.57 |
| Milk | $4.69 | $4.67 |
| Potatoes | $3.88 | $4.93 |
| Pizza | $12.82 | $12.09 |
| Beer | $10.59 | $10.41 |
| Toothpaste | $3.47 | $3.7 |
Detailed Raton Health Costs Vs. New Mexico
| Item | Raton | New Mexico |
|---|---|---|
| Optometrist | $82.33 | $125.68 |
| Doctor | $99.0 | $135.78 |
| Dentist | $103.33 | $113.29 |
Detailed Raton Transportation Costs Vs. New Mexico
| Item | Raton | New Mexico |
|---|---|---|
| Gasoline | $3.71 | $3.46 |
| Tire Balancing | $67.11 | $59.92 |
Detailed Raton Utilities Costs Vs. New Mexico
| Item | Raton | New Mexico |
|---|---|---|
| All Electricity | $155.08 | $193.99 |
| Phone | $194.35 | $192.25 |
Raton SnackAbility
/10
Cost Of Living In Cities Around Raton
The cost of living varies in the cities and towns around Raton. Here's a quick look at the cost of living in the most populous nearby places:
Trinidad, CO has a cost of living index of 94, 1.1x Raton.
| City | Population | Cost Of Living | Vs. Raton |
|---|---|---|---|
| Trinidad, CO | 8,309 | 94 | 1.1x |
