Santa Teresa, NM Cost Of Living

Demographics | Cost Of Living
Updated: 2022-04-07
Santa Teresa's Overall Cost Of Living
Lower Than The National Average
31 out of 44
In New Mexico
2,137 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 Santa Teresa is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Santa Teresa, NM?

According to the most recent data on the cost of living, Santa Teresa has an overall cost of living index of 93 which is 0.9x lower than the national index of 100.

Compared to only New Mexico, Santa Teresa has a cost of living index that's 1.0x higher than New Mexico's index of 92.

The standard of living in Santa Teresa ranks as #2,137 most affordable out of the 6,418 places we measured in New Mexico. By definition, that implies Santa Teresa ranks as the #4,282 most expensive place in the Land of Enchantment.

For more reading on life in Santa Teresa, check out:

Santa Teresa Cost Of Living Vs. New Mexico

Living Expense Santa Teresa New Mexico National Average
Overall 93 92 100
Services 99 92 100
Groceries 107 94 100
Health 96 98 100
Housing 84 87 100
Transportation 99 88 100
Utilities 89 91 100
For more reading on cost of living around New Mexico, check out:
Santa Teresa Cost of Living Vs. NM

Santa Teresa, 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 Santa Teresa New Mexico United States
Median Home Value $185,400 $175,700 $229,800
Median Rent $867 $857 $1,096
Median Income $51,726 $51,243 $64,994
Home Value To Income 3.6x 3.4x 3.5x
Rent To Monthly Income 0.2x 0.2x 0.2x

Detailed Santa Teresa Services Costs Vs. New Mexico

Item Santa Teresa New Mexico
Shampoo $1.37 $1.06
Movie $10.03 $10.68
Bowling $14.85 $14.67

Detailed Santa Teresa Groceries Costs Vs. New Mexico

Item Santa Teresa New Mexico
Ground Beef $4.27 $4.22
Fried Chicken $2.02 $1.39
Milk $2.67 $2.05

Detailed Santa Teresa Health Costs Vs. New Mexico

Item Santa Teresa New Mexico
Haircut $17.06 $18.62
Beauty Salon $30.42 $39.05
Toothpaste $2.2 $2.34

Detailed Santa Teresa Transportation Costs Vs. New Mexico

Item Santa Teresa New Mexico
Potatoes $4.21 $3.29
Pizza $10.27 $10.62
Beer $9.96 $9.38
Optometrist $87.16 $108.57
Doctor $133.61 $116.17
Dentist $82.94 $99.13

Detailed Santa Teresa Utilities Costs Vs. New Mexico

Item Santa Teresa New Mexico
Gasoline $2.15 $2.22
Tire Balancing $52.13 $50.07
All Electricity $139.01 $167.67
Phone $185.48 $175.64

Santa Teresa SnackAbility

Overall SnackAbility

Cost Of Living In Cities Around Santa Teresa

City Population Cost Of Living Vs. Santa Teresa
El Paso, TX 679,879 88 0.9x
Sunland Park, NM 17,581 88 0.9x
Chaparral, NM 13,744 85 0.9x
Anthony, NM 9,283 85 0.9x
Anthony, TX 5,210 86 0.9x

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