Rio Rancho, NM Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-07
94
Rio Rancho's Overall Cost Of Living
0.9x
Lower Than The National Average
33 out of 44
In New Mexico
2,290 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Rio Rancho is expensive, while a number below 100 means it's a relatively cheap place to live.

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.

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

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
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 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.

$200,800
Median Home Value
$1,157
Median Rent
$66,733
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

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

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

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