Bloomfield 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.
IndexBloomfieldNew MexicoNational
Cost of living index95n/a100
IndexBloomfieldNew MexicoNational
Goods & Services index109n/a100
Groceries index101n/a100
Health care index101n/a100
Housing index75n/a100
Transportation index98n/a100
Utilities index96n/a100
The above illustration supplies generalized information for the Bloomfield, NM cost of living index. Compared to other cities in New Mexico and cities across the country, the cost of living index in Bloomfield, NM is 95, which is equal to the New Mexico average and 5% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Bloomfield, NM are equal to the average for New Mexico and 9% higher than the rest of the country.

Did you know?

  • The cost of living in Bloomfield is equal to the New Mexico average.
  • The cost of living in Bloomfield is 5% lower than the national average.
  • The cost of housing in Bloomfield is 25% 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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Use the salary calculator to compare your current income in Bloomfield, 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 Bloomfield, NM, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Bloomfield, 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)
The affordability of the housing market in Bloomfield, 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 Bloomfield, NM homeowners, the median income is $51,336. This indicates that a monthly maximum of $1,198 should be spent by homeowners on all housing related costs. Renters have a median income of $38,585. This indicates that renters should have a maximum of $900 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%
For those who live in Bloomfield, NM and want to know what the true cost of living is, they ought to look at both the New Mexico income tax rate and the New Mexico sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In New Mexico, the sales tax is 5.125%, while the most you'll pay in surtax is 8.688%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in New Mexico, the income tax rate ranges between 1.7% to 4.9%.

Goods & Services

ItemBloomfieldNational avg.Difference
Haircut $18.00$14.5923.3%
Beauty Salon $29.00$34.6816.4%
Toothpaste $2.28$2.477.8%
Shampoo $0.94$1.028.0%
Movie $9.50$9.873.7%
Bowling $3.65$4.3916.9%


ItemBloomfieldNational avg.Difference
Ground Beef $3.99$4.4810.9%
Fried Chicken $1.29$1.4611.9%
Milk $2.09$2.3611.3%
Potatoes $2.24$3.0626.8%
Pizza $10.79$9.2416.7%
Beer $9.39$8.638.8%

Health Care

ItemBloomfieldNational avg.Difference
Optometrist $85.00$99.7814.8%
Doctor $127.50$105.0321.4%
Dentist $80.50$88.709.2%
Ibuprofen $8.98$9.414.6%
Lipitor $294.93$298.501.2%


ItemBloomfieldNational avg.Difference
Home Price $130,100.00$175,700.0026.0%
Avg. Mortgage Payment $1,479.75$1,081.0336.9%
Apartment Rent $710.00$920.0022.8%


ItemBloomfieldNational avg.Difference
Gasoline $2.10$2.090.4%
Tire Balancing $41.98$45.297.3%


ItemBloomfieldNational avg.Difference
All Electricity$160.81$170.805.9%
Phone $27.99$28.260.9%
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, NM47484-16%
Napi Headquarters, NM73285-15%
Blanco, NM16690-10%
Lee Acres, NM6,16487-13%
Spencerville, NM1,41996-4%
Bloomfield, NM7,87795-5%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
York, NE7,87886-14%
Winsted, CT7,87611414%
Helotes, TX7,8801099%
Fairview, TX7,88212020%
Wesley Chapel, NC7,88211919%
Bloomfield, NM7,87795-5%
Source: The Bloomfield, NM cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.