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 101, which is 1.0x higher than the national index of 100.
Compared to New Mexico, Santa Teresa has a cost of living index that's 1.1x higher than New Mexico's index of 93.
The standard of living in Santa Teresa ranks as #35 most affordable out of the 45 places we measured in New Mexico. By definition, that implies Santa Teresa ranks as the #10 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
Six factors go into calculating the cost of living index in Santa Teresa. Here is how it fares on each of the criteria:
The Services index in Santa Teresa is 101.
The Groceries index in Santa Teresa is 102.
The Health index in Santa Teresa is 96.
The Housing index in Santa Teresa is 102.
The Transportation index in Santa Teresa is 107.
The Utilities index in Santa Teresa is 102.
| Living Expense | Santa Teresa | New Mexico | National Average |
|---|---|---|---|
| Overall | 101 | 93 | 100 |
| Services | 101 | 98 | 100 |
| Groceries | 102 | 96 | 100 |
| Health | 96 | 86 | 100 |
| Housing | 102 | 99 | 100 |
| Transportation | 107 | 95 | 100 |
| Utilities | 102 | 94 | 100 |
Santa Teresa Cost Of Living Compared To New Mexico Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around New Mexico, check out:
Protect your home budget Compare home warranties in Santa Teresa Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Santa Teresa, 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 2020-2024. The key points are:
The Median Home Value in Santa Teresa is $318,236.
The Median Rent in Santa Teresa is $1,356.
The Median Income in Santa Teresa is $63,161.
The Home Value To Income in Santa Teresa is 5.0x.
The Rent To Monthly Income in Santa Teresa is 0.26x.
| Statistic | Santa Teresa | New Mexico | United States |
|---|---|---|---|
| Median Home Value | $318,236 | $316,750 | $332,700 |
| Median Rent | $1,356 | $1,067 | $1,413 |
| Median Income | $63,161 | $64,059 | $80,734 |
| Home Value To Income | 5.0x | 4.9x | 4.1x |
| Rent To Monthly Income | 0.26x | 0.2x | 0.21x |
Santa Teresa, NM Costs By Category
Detailed Santa Teresa Services costs vs. New Mexico
| Item | Santa Teresa | New Mexico |
|---|---|---|
| Shampoo | $1.21 | $1.28 |
| Movie | $9.5 | $12.13 |
| Bowling | $11.67 | $18 |
| Haircut | $18.67 | $24.26 |
| Beauty Salon | $38.94 | $45.56 |
Detailed Santa Teresa Groceries costs vs. New Mexico
| Item | Santa Teresa | New Mexico |
|---|---|---|
| Ground Beef | $5.68 | $5.84 |
| Fried Chicken | $1.57 | $1.57 |
| Milk | $4.53 | $4.67 |
| Potatoes | $4.55 | $4.93 |
| Pizza | $9.66 | $12.09 |
| Beer | $10.31 | $10.41 |
| Toothpaste | $3.64 | $3.7 |
Detailed Santa Teresa Health costs vs. New Mexico
| Item | Santa Teresa | New Mexico |
|---|---|---|
| Optometrist | $72.61 | $125.68 |
| Doctor | $96.89 | $135.78 |
| Dentist | $90.94 | $113.29 |
Detailed Santa Teresa Transportation costs vs. New Mexico
| Item | Santa Teresa | New Mexico |
|---|---|---|
| Gasoline | $2.97 | $3.46 |
| Tire Balancing | $45.89 | $59.92 |
Detailed Santa Teresa Utilities costs vs. New Mexico
| Item | Santa Teresa | New Mexico |
|---|---|---|
| All Electricity | $197.18 | $193.99 |
| Phone | $208.71 | $192.25 |
Santa Teresa SnackAbility
Cost Of Living In Cities Around Santa Teresa
The cost of living varies in the cities and towns around Santa Teresa. Here's a quick look at the cost of living in the most populous nearby places:
El Paso, TX has a cost of living index of 95, 0.9x Santa Teresa.
Chaparral, NM has a cost of living index of 90, 0.9x Santa Teresa.
Sunland Park, NM has a cost of living index of 93, 0.9x Santa Teresa.
| City | Population | Cost Of Living | Vs. Santa Teresa |
|---|---|---|---|
| El Paso, TX | 680,130 | 95 | 0.9x |
| Chaparral, NM | 18,186 | 90 | 0.9x |
| Sunland Park, NM | 17,463 | 93 | 0.9x |
| Anthony, NM | 8,767 | 87 | 0.9x |
