Ruidoso, NM Cost Of Living
Cost Of Living In Ruidoso, NM Summary
Cost of living in Ruidoso 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 Ruidoso 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 Ruidoso is 97, with 100 being the average.
The cost of living index in Ruidoso is 1.0x lower than the national average.
Ruidoso ranks as the #31 cheapest in New Mexico out of 45.
Ruidoso ranks as the #2,245 cheapest out of 6,489 in the US.
The median home value in Ruidoso is $334,703.
The median income in Ruidoso is $50,259.
Table Of Contents
Ruidoso's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Ruidoso, NM?
According to the most recent data on the cost of living, Ruidoso has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.
Compared to New Mexico, Ruidoso has a cost of living index that's 1.0x higher than New Mexico's index of 95.
The standard of living in Ruidoso ranks as #31 most affordable out of the 45 places we measured in New Mexico. By definition, that implies Ruidoso ranks as the #14 most expensive place in the Land of Enchantment.
For more reading on life in Ruidoso, check out:
In New Mexico
In America
Ruidoso Cost Of Living Vs. New Mexico
Six factors go into calculating the cost of living index in Ruidoso. Here is how it fairs on each of the criteria:
The Services index in Ruidoso is 95.
The Groceries index in Ruidoso is 96.
The Health index in Ruidoso is 99.
The Housing index in Ruidoso is 101.
The Transportation index in Ruidoso is 97.
The Utilities index in Ruidoso is 79.
| Living Expense | Ruidoso | New Mexico | National Average | |
|---|---|---|---|---|
| Overall | 97 | 95 | 100 | |
| Services | 95 | 96 | 100 | |
| Groceries | 96 | 96 | 100 | |
| Health | 99 | 95 | 100 | |
| Housing | 101 | 87 | 100 | |
| Transportation | 97 | 93 | 100 | |
| Utilities | 79 | 89 | 100 | |
Ruidoso, 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 Ruidoso is $334,703.
The Median Rent in Ruidoso is $924.
The Median Income in Ruidoso is $50,259.
The Home Value To Income in Ruidoso is 6.7x.
The Rent To Monthly Income in Ruidoso is 0.22x.
| Statistic | Ruidoso | New Mexico | United States |
|---|---|---|---|
| Median Home Value | $334,703 | $311,815 | $303,400 |
| Median Rent | $924 | $1,021 | $1,348 |
| Median Income | $50,259 | $62,125 | $78,538 |
| Home Value To Income | 6.7x | 5.0x | 3.9x |
| Rent To Monthly Income | 0.22x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Ruidoso, NM Costs By Category
Detailed Ruidoso Services Costs Vs. New Mexico
| Item | Ruidoso | New Mexico |
|---|---|---|
| Shampoo | $1.09 | $1.28 |
| Movie | $13.0 | $12.13 |
| Bowling | $14.33 | $18 |
| Haircut | $24.56 | $24.26 |
| Beauty Salon | $46.0 | $45.56 |
Detailed Ruidoso Groceries Costs Vs. New Mexico
| Item | Ruidoso | New Mexico |
|---|---|---|
| Ground Beef | $5.69 | $5.84 |
| Fried Chicken | $1.32 | $1.57 |
| Milk | $4.53 | $4.67 |
| Potatoes | $4.15 | $4.93 |
| Pizza | $12.38 | $12.09 |
| Beer | $10.68 | $10.41 |
| Toothpaste | $3.67 | $3.7 |
Detailed Ruidoso Health Costs Vs. New Mexico
| Item | Ruidoso | New Mexico |
|---|---|---|
| Optometrist | $150.67 | $125.68 |
| Doctor | $140.33 | $135.78 |
| Dentist | $113.72 | $113.29 |
Detailed Ruidoso Transportation Costs Vs. New Mexico
| Item | Ruidoso | New Mexico |
|---|---|---|
| Gasoline | $3.35 | $3.46 |
| Tire Balancing | $53.65 | $59.92 |
Detailed Ruidoso Utilities Costs Vs. New Mexico
| Item | Ruidoso | New Mexico |
|---|---|---|
| All Electricity | $192.0 | $193.99 |
| Phone | $189.63 | $192.25 |
Ruidoso SnackAbility
/10
Cost Of Living In Cities Around Ruidoso
The cost of living varies in the cities and towns around Ruidoso. Here's a quick look at the cost of living in the most populous nearby places:
Alamogordo, NM has a cost of living index of 89, 0.9x Ruidoso.
| City | Population | Cost Of Living | Vs. Ruidoso |
|---|---|---|---|
| Alamogordo, NM | 31,063 | 89 | 0.9x |
