Happy Valley 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.
IndexHappy ValleyNew MexicoNational
Cost of living index7994100
IndexHappy ValleyNew MexicoNational
Goods & Services index9495100
Groceries index89105100
Health care index101100100
Housing index4589100
Transportation index98100100
Utilities index9090100

Did you know?

  • The cost of living in Happy Valley is 16% lower than the New Mexico average.
  • The cost of living in Happy Valley is 21% lower than the national average.
  • The cost of housing in Happy Valley is 55% 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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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$65,417$5,451$1,526$1,963
Renters$0$0$0$0

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%

Goods & Services

ItemHappy ValleyNational avg.Difference
Haircut $14.50$15.566.8%
Beauty Salon $37.50$36.113.9%
Toothpaste $2.26$2.478.7%
Shampoo $0.90$0.966.4%
Movie $10.19$10.130.6%
Bowling $4.58$4.743.2%

Groceries

ItemHappy ValleyNational avg.Difference
Ground Beef $4.45$3.9811.7%
Fried Chicken $1.29$1.418.6%
Milk $2.05$2.060.8%
Potatoes $2.11$2.9829.4%
Pizza $10.27$9.478.4%
Beer $8.88$8.791.0%

Health Care

ItemHappy ValleyNational avg.Difference
Optometrist $106.17$101.045.1%
Doctor $123.28$107.4414.7%
Dentist $83.66$90.427.5%
Ibuprofen $8.45$9.288.9%
Lipitor $440.19$426.503.2%

Housing

ItemHappy ValleyNational avg.Difference
Home Price $79,700.00$175,700.0054.6%
Avg. Mortgage Payment $1,122.01$1,133.231.0%
Apartment Rent $0.00$920.00100.0%

Transportation

ItemHappy ValleyNational avg.Difference
Gasoline $1.82$1.998.9%
Tire Balancing $52.67$45.7615.1%

Utilities

ItemHappy ValleyNational avg.Difference
All Electricity$145.51$163.8111.2%
Phone $26.01$28.398.4%
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.
Loving, NM1,52482-18%
Livingston Wheeler, NM44483-17%
Carlsbad, NM26,99686-14%
Malaga, NM6394-6%
La Huerta, NM1,4671033%
Happy Valley, NM93079-21%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Annawan, IL93087-13%
Santa Maria, TX93066-34%
Inkom, ID93086-14%
Afton, OK93078-22%
Seelyville, IN93084-16%
Happy Valley, NM93079-21%
Source: The Happy Valley, NM cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.