Truth or Consequences, NM Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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 79, 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 #3 cheapest in New Mexico out of 44.

  • Truth or Consequences ranks as the #155 cheapest out of 6,412 in the US.

  • The median home value in Truth or Consequences is $85,600.

  • The median income in Truth or Consequences is $28,837.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
79
Truth or Consequences's Overall Cost Of Living
0.8x
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 79, 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 94.

The standard of living in Truth or Consequences ranks as #3 most affordable out of the 44 places we measured in New Mexico. By definition, that implies Truth or Consequences ranks as the #41 most expensive place in the Land of Enchantment.

For more reading on life in Truth or Consequences, check out:

3 out of 44
In New Mexico
155 out of 6,412
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 92.

  • The Groceries index in Truth or Consequences is 96.

  • The Health index in Truth or Consequences is 99.

  • The Housing index in Truth or Consequences is 44.

  • The Transportation index in Truth or Consequences is 94.

  • The Utilities index in Truth or Consequences is 81.

Living Expense Truth or Consequences New Mexico National Average
Overall 79 94 100
Services 92 97 100
Groceries 96 96 100
Health 99 100 100
Housing 44 88 100
Transportation 94 96 100
Utilities 81 91 100
For more reading on cost of living around New Mexico, check out:
Truth or Consequences Cost of Living Vs. NM

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 2017-2021. The key points are:

  • The Median Home Value in Truth or Consequences is $85,600.

  • The Median Rent in Truth or Consequences is $543.

  • The Median Income in Truth or Consequences is $28,837.

  • The Home Value To Income in Truth or Consequences is 3.0x.

  • The Rent To Monthly Income in Truth or Consequences is 0.23x.

Statistic Truth or Consequences New Mexico United States
Median Home Value $85,600 $184,800 $244,900
Median Rent $543 $897 $1,163
Median Income $28,837 $54,020 $69,021
Home Value To Income 3.0x 3.4x 3.5x
Rent To Monthly Income 0.23x 0.2x 0.2x
Search Homes For Sale In Truth Or Consequences, NM
$85,600
Median Home Value
$543
Median Rent
$28,837
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 $0.96 $1.06
Movie $10.74 $10.68
Bowling $12.38 $14.67
Haircut $19.3 $18.62
Beauty Salon $34.66 $39.05

Detailed Truth or Consequences Groceries Costs Vs. New Mexico

Item Truth or Consequences New Mexico
Ground Beef $4.98 $4.22
Fried Chicken $1.17 $1.39
Milk $2.16 $2.05
Potatoes $3.46 $3.29
Pizza $10.01 $10.62
Beer $8.13 $9.38
Toothpaste $2.33 $2.34

Detailed Truth or Consequences Health Costs Vs. New Mexico

Item Truth or Consequences New Mexico
Optometrist $107.2 $108.57
Doctor $106.77 $116.17
Dentist $99.67 $99.13

Detailed Truth or Consequences Transportation Costs Vs. New Mexico

Item Truth or Consequences New Mexico
Gasoline $2.11 $2.22
Tire Balancing $47.87 $50.07

Detailed Truth or Consequences Utilities Costs Vs. New Mexico

Item Truth or Consequences New Mexico
All Electricity $116.23 $167.67
Phone $184.9 $175.64

Truth Or Consequences SnackAbility

5
/10
Overall SnackAbility
Jobs
4/10
Housing
3
Affordability
6
Diversity
8.5
Safety
N/A
Amenities
6
Education
6
Commute
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 106, 1.3x Truth or Consequences.

City Population Cost Of Living Vs. Truth or Consequences
Winston, OR 5,591 106 1.3x

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