Aztec 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.
IndexAztecNew MexicoNational
Cost of living index9594100
IndexAztecNew MexicoNational
Goods & Services index10095100
Groceries index114105100
Health care index92100100
Housing index8989100
Transportation index76100100
Utilities index9390100
A general overview of the cost of living index for Aztec, NM is displayed above. In Aztec, NM, the overall cost of living index is 95, which is 1% higher than the New Mexico average and 5% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Aztec, NM, the city's goods and services are 6% higher than the New Mexico average and equal to the U.S. average.

Did you know?

  • The cost of living in Aztec is 1% higher than the New Mexico average.
  • The cost of living in Aztec is 5% lower than the national average.
  • The cost of housing in Aztec is 11% 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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Salary Calculator

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Health care index
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The salary calculator allows you to compare how much your current salary in Aztec, NM would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Aztec, NM, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Aztec, NM salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
The affordability of the housing market in Aztec, 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 Aztec, NM homeowners, the median income is $50,072. This indicates that a monthly maximum of $1,168 should be spent by homeowners on all housing related costs. Renters have a median income of $35,728. This indicates that renters should have a maximum of $834 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 Aztec, 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

ItemAztecNational avg.Difference
Haircut $18.23$15.5617.1%
Beauty Salon $25.27$36.1130.0%
Toothpaste $3.13$2.4726.4%
Shampoo $0.99$0.962.6%
Movie $9.53$10.135.9%
Bowling $3.79$4.7420.1%


ItemAztecNational avg.Difference
Ground Beef $3.41$3.9814.5%
Fried Chicken $1.86$1.4131.8%
Milk $3.42$2.0665.6%
Potatoes $3.58$2.9820.0%
Pizza $10.14$9.477.0%
Beer $9.03$8.792.7%

Health Care

ItemAztecNational avg.Difference
Optometrist $88.20$101.0412.7%
Doctor $117.65$107.449.5%
Dentist $81.15$90.4210.2%
Ibuprofen $8.98$9.283.3%
Lipitor $306.33$426.5028.2%


ItemAztecNational avg.Difference
Home Price $157,900.00$175,700.0010.1%
Avg. Mortgage Payment $1,493.72$1,133.2331.8%
Apartment Rent $797.00$920.0013.4%


ItemAztecNational avg.Difference
Gasoline $1.40$1.9929.8%
Tire Balancing $41.07$45.7610.2%


ItemAztecNational avg.Difference
All Electricity$142.39$163.8113.1%
Phone $29.05$28.392.3%
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.
North Light Plant, NM47480-20%
Napi Headquarters, NM73279-21%
Blanco, NM16684-16%
Lee Acres, NM6,16487-13%
Bloomfield, NM7,87789-11%
Aztec, NM6,61995-5%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Barnesville, GA6,61787-13%
South Monroe, MI6,62288-12%
Madison Park, NJ6,61612121%
Folcroft, PA6,6151055%
Oneonta, AL6,62385-15%
Aztec, NM6,61995-5%
Source: The Aztec, NM cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.