Alamogordo cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexAlamogordoNew MexicoNational
Cost of living index9094100
IndexAlamogordoNew MexicoNational
Goods & Services index9495100
Groceries index115105100
Health care index102100100
Housing index6789100
Transportation index102100100
Utilities index9690100
Here we can see a simple outline of the cost of living in Alamogordo, NM. As you can see, with the average cost of living in Alamogordo, NM being 90, that puts it 5% lower than the average of New Mexico and 10% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Alamogordo, NM, the price of goods and services are 1% lower than the average of New Mexico as well as 6% lower than the nation's average.

Did you know?

  • The cost of living in Alamogordo is 5% lower than the New Mexico average.
  • The cost of living in Alamogordo is 10% lower than the national average.
  • The cost of housing in Alamogordo is 33% lower than the national average.
  • New Mexico general sales tax is 1% higher than the national average.
  • New Mexico state income tax is 24% lower than the national average.

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Compare Alamogordo, NM Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Alamogordo, NM to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Alamogordo, NM, then you would need to earn more income in order to maintain the same standard of living. To use the Alamogordo, NM salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$50,630$4,219$1,181$1,519
Renters$35,403$2,950$826$1,062
The affordability of the housing market in Alamogordo, NM as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Alamogordo, NM homeowners, the median income is $50,630. This indicates that a monthly maximum of $1,181 should be spent by homeowners on all housing related costs. Renters have a median income of $35,403. This indicates that renters should have a maximum of $826 used for their rent related monthly costs.

New Mexico Sales Tax

StateGeneral Sales TaxWith Max Surtax
New Mexico5.125%8.688%

New Mexico Income Tax

StateIncome Tax (Low)Income Tax (High)
New Mexico1.7%4.9%
When you are determining the total cost of living in Alamogordo, NM you will want to make sure you consider both the New Mexico sales tax and the New Mexico income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in New Mexico is 5.125%, with the highest surtax being 8.688%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in New Mexico have a range from 1.7% to 4.9%.

Goods & Services

ItemAlamogordoNational avg.Difference
Haircut $16.45$15.565.7%
Beauty Salon $36.29$36.110.5%
Toothpaste $2.78$2.4712.4%
Shampoo $0.92$0.964.1%
Movie $9.32$10.138.0%
Bowling $5.33$4.7412.6%

Groceries

ItemAlamogordoNational avg.Difference
Ground Beef $5.58$3.9840.1%
Fried Chicken $1.85$1.4131.5%
Milk $2.71$2.0631.5%
Potatoes $2.71$2.989.2%
Pizza $9.57$9.471.0%
Beer $7.26$8.7917.4%

Health Care

ItemAlamogordoNational avg.Difference
Optometrist $97.14$101.043.9%
Doctor $110.33$107.442.7%
Dentist $96.89$90.427.2%
Ibuprofen $8.00$9.2813.8%
Lipitor $426.85$426.500.1%

Housing

ItemAlamogordoNational avg.Difference
Home Price $112,100.00$175,700.0036.2%
Avg. Mortgage Payment $1,079.40$1,133.234.8%
Apartment Rent $689.00$920.0025.1%

Transportation

ItemAlamogordoNational avg.Difference
Gasoline $1.91$1.994.0%
Tire Balancing $52.94$45.7615.7%

Utilities

ItemAlamogordoNational avg.Difference
All Electricity$136.58$163.8116.6%
Phone $31.99$28.3912.7%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
La Luz, NM1,61185-15%
Tularosa, NM2,91686-14%
Boles Acres, NM2,32990-10%
Cloudcroft, NM57798-2%
Holloman AFB, NM3,8131055%
Alamogordo, NM31,22490-10%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
West Little River, FL31,22694-6%
Ferry Pass, FL31,20495-5%
North Tonawanda, NY31,24584-16%
Parkersburg, WV31,19584-16%
Fair Oaks, CA31,25612929%
Alamogordo, NM31,22490-10%
Source: The Alamogordo, NM cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.