Truth or Consequences, NM Cost Of Living
Cost Of Living In Truth or Consequences, NM Summary
Cost of living in Truth or Consequences 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 Truth or Consequences 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 Truth or Consequences is 78, with 100 being the average.
The cost of living index in Truth or Consequences is 0.8x lower than the national average.
Truth or Consequences ranks as the #1 cheapest in New Mexico out of 45.
Truth or Consequences ranks as the #46 cheapest out of 6,489 in the US.
The median home value in Truth or Consequences is $155,121.
The median income in Truth or Consequences is $29,142.
Table Of Contents
Truth or Consequences's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Truth or Consequences, NM?
According to the most recent data on the cost of living, Truth or Consequences has an overall cost of living index of 78, which is 0.8x lower than the national index of 100.
Compared to New Mexico, Truth or Consequences has a cost of living index that's 0.8x lower than New Mexico's index of 95.
The standard of living in Truth or Consequences ranks as #1 most affordable out of the 45 places we measured in New Mexico. By definition, that implies Truth or Consequences ranks as the #44 most expensive place in the Land of Enchantment.
For more reading on life in Truth or Consequences, check out:
In New Mexico
In America
Truth or Consequences Cost Of Living Vs. New Mexico
Six factors go into calculating the cost of living index in Truth or Consequences. Here is how it fairs on each of the criteria:
The Services index in Truth or Consequences is 93.
The Groceries index in Truth or Consequences is 95.
The Health index in Truth or Consequences is 98.
The Housing index in Truth or Consequences is 50.
The Transportation index in Truth or Consequences is 98.
The Utilities index in Truth or Consequences is 83.
| Living Expense | Truth or Consequences | New Mexico | National Average | |
|---|---|---|---|---|
| Overall | 78 | 95 | 100 | |
| Services | 93 | 96 | 100 | |
| Groceries | 95 | 96 | 100 | |
| Health | 98 | 95 | 100 | |
| Housing | 50 | 87 | 100 | |
| Transportation | 98 | 93 | 100 | |
| Utilities | 83 | 89 | 100 | |
Truth or Consequences, 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 Truth or Consequences is $155,121.
The Median Rent in Truth or Consequences is $676.
The Median Income in Truth or Consequences is $29,142.
The Home Value To Income in Truth or Consequences is 5.3x.
The Rent To Monthly Income in Truth or Consequences is 0.28x.
| Statistic | Truth or Consequences | New Mexico | United States |
|---|---|---|---|
| Median Home Value | $155,121 | $311,815 | $303,400 |
| Median Rent | $676 | $1,021 | $1,348 |
| Median Income | $29,142 | $62,125 | $78,538 |
| Home Value To Income | 5.3x | 5.0x | 3.9x |
| Rent To Monthly Income | 0.28x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Truth or Consequences, NM Costs By Category
Detailed Truth or Consequences Services Costs Vs. New Mexico
| Item | Truth or Consequences | 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 Truth or Consequences Groceries Costs Vs. New Mexico
| Item | Truth or Consequences | 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 Truth or Consequences Health Costs Vs. New Mexico
| Item | Truth or Consequences | New Mexico |
|---|---|---|
| Optometrist | $150.67 | $125.68 |
| Doctor | $140.33 | $135.78 |
| Dentist | $113.72 | $113.29 |
Detailed Truth or Consequences Transportation Costs Vs. New Mexico
| Item | Truth or Consequences | New Mexico |
|---|---|---|
| Gasoline | $3.35 | $3.46 |
| Tire Balancing | $53.65 | $59.92 |
Detailed Truth or Consequences Utilities Costs Vs. New Mexico
| Item | Truth or Consequences | New Mexico |
|---|---|---|
| All Electricity | $192.0 | $193.99 |
| Phone | $189.63 | $192.25 |
Truth Or Consequences SnackAbility
/10
Cost Of Living In Cities Around Truth or Consequences
The cost of living varies in the cities and towns around Truth or Consequences. Here's a quick look at the cost of living in the most populous nearby places:
Winston, OR has a cost of living index of 100, 1.3x Truth or Consequences.
| City | Population | Cost Of Living | Vs. Truth or Consequences |
|---|---|---|---|
| Winston, OR | 5,663 | 100 | 1.3x |
