Malaga 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.
IndexMalagaNew MexicoNational
Cost of living index97n/a100
IndexMalagaNew MexicoNational
Goods & Services index100n/a100
Groceries index90n/a100
Health care index103n/a100
Housing index94n/a100
Transportation index96n/a100
Utilities index100n/a100

Did you know?

  • The cost of living in Malaga is equal to the New Mexico average.
  • The cost of living in Malaga is 3% lower than the national average.
  • The cost of housing in Malaga is 6% 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$19,432$1,619$453$583
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

ItemMalagaNational avg.Difference
Haircut $13.75$14.595.8%
Beauty Salon $36.25$34.684.5%
Toothpaste $2.50$2.471.1%
Shampoo $0.87$1.0214.9%
Movie $9.88$9.870.1%
Bowling $4.50$4.392.5%

Groceries

ItemMalagaNational avg.Difference
Ground Beef $4.96$4.4810.8%
Fried Chicken $1.33$1.469.2%
Milk $2.00$2.3615.1%
Potatoes $2.11$3.0631.1%
Pizza $9.49$9.242.7%
Beer $9.06$8.634.9%

Health Care

ItemMalagaNational avg.Difference
Optometrist $97.67$99.782.1%
Doctor $117.50$105.0311.9%
Dentist $87.50$88.701.4%
Ibuprofen $10.14$9.417.7%
Lipitor $293.92$298.501.5%

Housing

ItemMalagaNational avg.Difference
Home Price $164,600.00$175,700.006.3%
Avg. Mortgage Payment $1,005.43$1,081.037.0%
Apartment Rent $0.00$920.00100.0%

Transportation

ItemMalagaNational avg.Difference
Gasoline $2.08$2.090.6%
Tire Balancing $39.50$45.2912.8%

Utilities

ItemMalagaNational avg.Difference
All Electricity$171.15$170.800.2%
Phone $28.00$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.
Happy Valley, NM93082-18%
Loving, NM1,52485-15%
Livingston Wheeler, NM44484-16%
Carlsbad, NM26,99688-12%
Malaga, NM6397-3%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Ballou, OK6383-17%
Elbert, TX6374-26%
Whitehaven, MD631077%
Beulah Beach, OH6392-8%
Smithville, AR6373-27%
Malaga, NM6397-3%
Source: The Malaga, NM cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.