Rio Rancho, NM Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Rio Rancho, NM Summary

Cost of living in Rio Rancho 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 Rio Rancho 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 Rio Rancho is 94, with 100 being the average.

  • The cost of living index in Rio Rancho is 0.9x lower than the national average.

  • Rio Rancho ranks as the #33 cheapest in New Mexico out of 44.

  • Rio Rancho ranks as the #2,290 cheapest out of 6,412 in the US.

  • The median home value in Rio Rancho is $211,300.

  • The median income in Rio Rancho is $70,615.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
94
Rio Rancho's Overall Cost Of Living
0.9x
Lower Than The National Average

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 New Mexico, Rio Rancho has a cost of living index that's 1.0x lower than New Mexico's index of 94.

The standard of living in Rio Rancho ranks as #33 most affordable out of the 44 places we measured in New Mexico. By definition, that implies Rio Rancho ranks as the #11 most expensive place in the Land of Enchantment.

For more reading on life in Rio Rancho, check out:

33 out of 44
In New Mexico
2,290 out of 6,412
In America

Rio Rancho Cost Of Living Vs. New Mexico

Six factors go into calculating the cost of living index in Rio Rancho. Here is how it fairs on each of the criteria:

  • The Services index in Rio Rancho is 87.

  • The Groceries index in Rio Rancho is 95.

  • The Health index in Rio Rancho is 97.

  • The Housing index in Rio Rancho is 100.

  • The Transportation index in Rio Rancho is 87.

  • The Utilities index in Rio Rancho is 94.

Living Expense Rio Rancho New Mexico National Average
Overall 94 94 100
Services 87 97 100
Groceries 95 96 100
Health 97 100 100
Housing 100 88 100
Transportation 87 96 100
Utilities 94 91 100
For more reading on cost of living around New Mexico, check out:
Rio Rancho Cost of Living Vs. NM

Rio Rancho, 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 2017-2021. The key points are:

  • The Median Home Value in Rio Rancho is $211,300.

  • The Median Rent in Rio Rancho is $1,181.

  • The Median Income in Rio Rancho is $70,615.

  • The Home Value To Income in Rio Rancho is 3.0x.

  • The Rent To Monthly Income in Rio Rancho is 0.2x.

Statistic Rio Rancho New Mexico United States
Median Home Value $211,300 $184,800 $244,900
Median Rent $1,181 $897 $1,163
Median Income $70,615 $54,020 $69,021
Home Value To Income 3.0x 3.4x 3.5x
Rent To Monthly Income 0.2x 0.2x 0.2x
Search Homes For Sale In Rio Rancho, NM
$211,300
Median Home Value
$1,181
Median Rent
$70,615
Median Income

Rio Rancho, NM Costs By Category

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
Haircut $18.38 $18.62
Beauty Salon $35.53 $39.05

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
Potatoes $3.05 $3.29
Pizza $9.67 $10.62
Beer $8.22 $9.38
Toothpaste $2.79 $2.34

Detailed Rio Rancho Health Costs Vs. New Mexico

Item Rio Rancho New Mexico
Optometrist $118.86 $108.57
Doctor $127.67 $116.17
Dentist $86.56 $99.13

Detailed Rio Rancho Transportation Costs Vs. New Mexico

Item Rio Rancho New Mexico
Gasoline $1.97 $2.22
Tire Balancing $40.79 $50.07

Detailed Rio Rancho Utilities Costs Vs. New Mexico

Item Rio Rancho New Mexico
All Electricity $150.01 $167.67
Phone $183.97 $175.64

Rio Rancho SnackAbility

6
/10
Overall SnackAbility
Jobs
7/10
Housing
8
Affordability
6
Diversity
9
Safety
N/A
Amenities
8
Education
8
Commute
6

Cost Of Living In Cities Around Rio Rancho

The cost of living varies in the cities and towns around Rio Rancho. 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 98, 1.0x Rio Rancho.

  • South Valley, NM has a cost of living index of 88, 0.9x Rio Rancho.

  • North Valley, NM has a cost of living index of 96, 1.0x Rio Rancho.

City Population Cost Of Living Vs. Rio Rancho
Albuquerque, NM 562,336 98 1.0x
South Valley, NM 36,583 88 0.9x
North Valley, NM 12,594 96 1.0x
Bernalillo, NM 9,049 85 0.9x
Corrales, NM 8,488 120 1.3x
Los Ranchos de Albuquerque, NM 5,904 108 1.1x

Articles About New Mexico

Enjoy The Snack?