Rio Rancho, NM Cost Of Living
Rio Rancho's Overall Cost Of Living
Lower Than The National Average
In New Mexico
In America
What is the cost of living in Rio Rancho, NM?
According to the most recent data on the cost of living, Rio Rancho has an overall cost of living index of 94 which is 0.9x lower than the national index of 100.
Compared to only New Mexico, Rio Rancho has a cost of living index that's 1.0x higher than New Mexico's index of 92.
The standard of living in Rio Rancho ranks as #2,290 most affordable out of the 6,418 places we measured in New Mexico. By definition, that implies Rio Rancho ranks as the #4,129 most expensive place in the Land of Enchantment.
Rio Rancho Cost Of Living Vs. New Mexico
| Living Expense | Rio Rancho | New Mexico | National Average | |
|---|---|---|---|---|
| Overall | 94 | 92 | 100 | |
| Services | 87 | 92 | 100 | |
| Groceries | 95 | 94 | 100 | |
| Health | 97 | 98 | 100 | |
| Housing | 100 | 87 | 100 | |
| Transportation | 87 | 88 | 100 | |
| Utilities | 94 | 91 | 100 | |
Rio Rancho, 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 | Rio Rancho | New Mexico | United States |
|---|---|---|---|
| Median Home Value | $200,800 | $175,700 | $229,800 |
| Median Rent | $1,157 | $857 | $1,096 |
| Median Income | $66,733 | $51,243 | $64,994 |
| Home Value To Income | 3.0x | 3.4x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.2x | 0.2x |
Detailed Rio Rancho Services Costs Vs. New Mexico
| Item | Rio Rancho | New Mexico |
|---|---|---|
| Shampoo | $0.92 | $1.06 |
| Movie | $9.5 | $10.68 |
| Bowling | $11.2 | $14.67 |
Detailed Rio Rancho Groceries Costs Vs. New Mexico
| Item | Rio Rancho | New Mexico |
|---|---|---|
| Ground Beef | $4.9 | $4.22 |
| Fried Chicken | $1.11 | $1.39 |
| Milk | $1.96 | $2.05 |
Detailed Rio Rancho Health Costs Vs. New Mexico
| Item | Rio Rancho | New Mexico |
|---|---|---|
| Haircut | $18.38 | $18.62 |
| Beauty Salon | $35.53 | $39.05 |
| Toothpaste | $2.79 | $2.34 |
Detailed Rio Rancho Transportation Costs Vs. New Mexico
| Item | Rio Rancho | 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 Rio Rancho Utilities Costs Vs. New Mexico
| Item | Rio Rancho | New Mexico |
|---|---|---|
| Gasoline | $1.97 | $2.22 |
| Tire Balancing | $40.79 | $50.07 |
| All Electricity | $150.01 | $167.67 |
| Phone | $183.97 | $175.64 |
Rio Rancho SnackAbility
/10
Cost Of Living In Cities Around Rio Rancho
| City | Population | Cost Of Living | Vs. Rio Rancho |
|---|---|---|---|
| Albuquerque, NM | 560,447 | 98 | 1.0x |
| South Valley, NM | 39,150 | 88 | 0.9x |
| North Valley, NM | 13,331 | 96 | 1.0x |
| Bernalillo, NM | 10,077 | 85 | 0.9x |
| Corrales, NM | 8,636 | 120 | 1.3x |
| Los Ranchos de Albuquerque, NM | 6,120 | 108 | 1.1x |
