Belen 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.
IndexBelenNew MexicoNational
Cost of living index85n/a100
IndexBelenNew MexicoNational
Goods & Services index93n/a100
Groceries index103n/a100
Health care index89n/a100
Housing index63n/a100
Transportation index98n/a100
Utilities index88n/a100
Here we can see a simple outline of the cost of living in Belen, NM. As you can see, with the average cost of living in Belen, NM being 85, that puts it equal to the average of New Mexico and 15% 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 Belen, NM, the price of goods and services are equal to the average of New Mexico as well as 7% lower than the nation's average.

Did you know?

  • The cost of living in Belen is equal to the New Mexico average.
  • The cost of living in Belen is 15% lower than the national average.
  • The cost of housing in Belen is 37% 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 Belen, NM Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Belen, NM to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Belen, NM, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Belen, NM salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$34,563$2,880$806$1,037
Renters$16,617$1,385$388$499
If you want to find a good determining factor for the cost of living and the general affordability of housing in Belen, NM, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Belen, NM, the median monthly income is $34,563 for those who own their own homes. Under the standard rule, that income level would allow for $806 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $16,617, per the median income in the area. That would allow for renters to spend up to $388 on monthly rental expenses.

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 assessing the complete cost of living in Belen, NM, the New Mexico income tax and the New Mexico sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The New Mexico maximum surtax is 8.688%, and the New Mexico sales tax is 5.125%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 1.7% to 4.9% in New Mexico.

Goods & Services

ItemBelenNational avg.Difference
Haircut $17.10$14.5917.2%
Beauty Salon $36.00$34.683.8%
Toothpaste $2.12$2.4714.3%
Shampoo $1.21$1.0218.4%
Movie $9.56$9.873.1%
Bowling $3.53$4.3919.6%

Groceries

ItemBelenNational avg.Difference
Ground Beef $5.10$4.4813.9%
Fried Chicken $1.39$1.465.1%
Milk $2.58$2.369.5%
Potatoes $3.35$3.069.4%
Pizza $7.99$9.2413.6%
Beer $9.32$8.638.0%

Health Care

ItemBelenNational avg.Difference
Optometrist $73.00$99.7826.8%
Doctor $88.33$105.0315.9%
Dentist $82.00$88.707.6%
Ibuprofen $8.50$9.419.7%
Lipitor $271.13$298.509.2%

Housing

ItemBelenNational avg.Difference
Home Price $102,000.00$175,700.0041.9%
Avg. Mortgage Payment $849.19$1,081.0321.4%
Apartment Rent $683.00$920.0025.8%

Transportation

ItemBelenNational avg.Difference
Gasoline $1.96$2.096.1%
Tire Balancing $49.96$45.2910.3%

Utilities

ItemBelenNational avg.Difference
All Electricity$141.86$170.8016.9%
Phone $26.95$28.264.6%
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.
Abeytas, NM6071-29%
Veguita, NM21976-24%
Madrone, NM71078-22%
Casa Colorada, NM14979-21%
Meadow Lake, NM5,62681-19%
Belen, NM7,24985-15%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Putnam, CT7,24911212%
Winooski, VT7,25011515%
Tell City, IN7,25183-17%
Escalon, CA7,25211515%
Orland Hills, IL7,2521066%
Belen, NM7,24985-15%
Source: The Belen, NM cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.