Red River 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.
IndexRed RiverNew MexicoNational
Cost of living index102n/a100
IndexRed RiverNew MexicoNational
Goods & Services index84n/a100
Groceries index97n/a100
Health care index92n/a100
Housing index137n/a100
Transportation index88n/a100
Utilities index83n/a100

Did you know?

  • The cost of living in Red River is equal to the New Mexico average.
  • The cost of living in Red River is 2% higher than the national average.
  • The cost of housing in Red River is 37% higher 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$68,125$5,677$1,589$2,044
Renters$21,429$1,786$500$643

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

ItemRed RiverNational avg.Difference
Haircut $11.33$14.5922.4%
Beauty Salon $21.67$34.6837.5%
Toothpaste $2.28$2.477.8%
Shampoo $0.87$1.0214.9%
Movie $9.50$9.873.7%
Bowling $3.00$4.3931.7%

Groceries

ItemRed RiverNational avg.Difference
Ground Beef $4.99$4.4811.5%
Fried Chicken $0.98$1.4633.1%
Milk $2.09$2.3611.3%
Potatoes $2.18$3.0628.8%
Pizza $7.99$9.2413.6%
Beer $8.39$8.632.8%

Health Care

ItemRed RiverNational avg.Difference
Optometrist $84.75$99.7815.1%
Doctor $104.00$105.031.0%
Dentist $81.33$88.708.3%
Ibuprofen $8.32$9.4111.6%
Lipitor $263.12$298.5011.9%

Housing

ItemRed RiverNational avg.Difference
Home Price $287,900.00$175,700.0063.9%
Avg. Mortgage Payment $682.33$1,081.0336.9%
Apartment Rent $681.00$920.0026.0%

Transportation

ItemRed RiverNational avg.Difference
Gasoline $1.84$2.0912.0%
Tire Balancing $40.00$45.2911.7%

Utilities

ItemRed RiverNational avg.Difference
All Electricity$136.03$170.8020.4%
Phone $24.99$28.2611.6%
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.
Taos Ski Valley, NM9187-13%
Questa, NM1,77979-21%
Eagle Nest, NM31981-19%
Arroyo Hondo, NM30382-18%
Arroyo Seco, NM1,40812020%
Red River, NM3831022%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Bunn, NC38388-12%
Neapolis, OH38393-7%
Burnettsville, IN38381-19%
Charlotte, IA38385-15%
Meadow Bridge, WV38381-19%
Red River, NM3831022%
Source: The Red River, NM cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.