Peak Place 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.
IndexPeak PlaceNew MexicoNational
Cost of living index7694100
IndexPeak PlaceNew MexicoNational
Goods & Services index9695100
Groceries index95105100
Health care index98100100
Housing index3389100
Transportation index97100100
Utilities index8590100

Did you know?

  • The cost of living in Peak Place is 20% lower than the New Mexico average.
  • The cost of living in Peak Place is 24% lower than the national average.
  • The cost of housing in Peak Place is 67% 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$35,417$2,951$826$1,063
Renters$48,750$4,063$1,137$1,463

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

ItemPeak PlaceNational avg.Difference
Haircut $16.70$15.567.3%
Beauty Salon $44.30$36.1122.7%
Toothpaste $2.47$2.470.0%
Shampoo $0.78$0.9619.5%
Movie $10.50$10.133.7%
Bowling $6.43$4.7435.8%

Groceries

ItemPeak PlaceNational avg.Difference
Ground Beef $4.30$3.988.0%
Fried Chicken $1.43$1.411.4%
Milk $1.69$2.0618.3%
Potatoes $2.53$2.9815.3%
Pizza $8.93$9.475.7%
Beer $6.71$8.7923.7%

Health Care

ItemPeak PlaceNational avg.Difference
Optometrist $101.20$101.040.2%
Doctor $98.16$107.448.6%
Dentist $96.44$90.426.7%
Ibuprofen $8.32$9.2810.4%
Lipitor $389.18$426.508.7%

Housing

ItemPeak PlaceNational avg.Difference
Home Price $13,500.00$175,700.0092.3%
Avg. Mortgage Payment $1,096.77$1,133.233.2%
Apartment Rent $856.00$920.007.0%

Transportation

ItemPeak PlaceNational avg.Difference
Gasoline $1.83$1.998.3%
Tire Balancing $50.04$45.769.4%

Utilities

ItemPeak PlaceNational avg.Difference
All Electricity$149.22$163.818.9%
Phone $22.15$28.3922.0%
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.
Cundiyo, NM894-6%
Rio en Medio, NM23969-31%
Chimayo, NM2,57282-18%
Pojoaque, NM2,25785-15%
Pecos, NM1,43185-15%
Peak Place, NM34076-24%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Wakonda, SD34081-19%
Odell, NE34078-22%
Veyo, UT34087-13%
Jenkins, MN3401000%
Western Grove, AR34076-24%
Peak Place, NM34076-24%
Source: The Peak Place, NM cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.