La Luz 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.
IndexLa LuzNew MexicoNational
Cost of living index8594100
IndexLa LuzNew MexicoNational
Goods & Services index9495100
Groceries index115105100
Health care index102100100
Housing index5089100
Transportation index102100100
Utilities index9690100

Did you know?

  • The cost of living in La Luz is 10% lower than the New Mexico average.
  • The cost of living in La Luz is 15% lower than the national average.
  • The cost of housing in La Luz is 50% 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 La Luz, NM Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$43,125$3,594$1,006$1,294
Renters$21,767$1,814$508$653

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

ItemLa LuzNational 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

ItemLa LuzNational 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

ItemLa LuzNational 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

ItemLa LuzNational avg.Difference
Home Price $78,500.00$175,700.0055.3%
Avg. Mortgage Payment $1,079.40$1,133.234.8%
Apartment Rent $581.00$920.0036.8%

Transportation

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

Utilities

ItemLa LuzNational 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.
Mescalero, NM1,60182-18%
Tularosa, NM2,91686-14%
Bent, NM13587-13%
Boles Acres, NM2,32990-10%
Alamogordo, NM31,22490-10%
La Luz, NM1,61185-15%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hurstbourne Acres, KY1,61196-4%
Melville, RI1,61114444%
Lewisburg, OH1,61192-8%
Presquille, LA1,6111044%
Wilson, OK1,61173-27%
La Luz, NM1,61185-15%
Source: The La Luz, NM cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.