Twin Lakes 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.
IndexTwin LakesNew MexicoNational
Cost of living index83n/a100
IndexTwin LakesNew MexicoNational
Goods & Services index109n/a100
Groceries index101n/a100
Health care index101n/a100
Housing index35n/a100
Transportation index98n/a100
Utilities index96n/a100

Did you know?

  • The cost of living in Twin Lakes is equal to the New Mexico average.
  • The cost of living in Twin Lakes is 17% lower than the national average.
  • The cost of housing in Twin Lakes is 65% 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.

Find Real Estate Listings In Twin Lakes

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Twin Lakes

Compare Twin Lakes, NM Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$16,719$1,393$390$502
Renters$17,708$1,476$413$531

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

ItemTwin LakesNational avg.Difference
Haircut $18.00$14.5923.3%
Beauty Salon $29.00$34.6816.4%
Toothpaste $2.28$2.477.8%
Shampoo $0.94$1.028.0%
Movie $9.50$9.873.7%
Bowling $3.65$4.3916.9%

Groceries

ItemTwin LakesNational avg.Difference
Ground Beef $3.99$4.4810.9%
Fried Chicken $1.29$1.4611.9%
Milk $2.09$2.3611.3%
Potatoes $2.24$3.0626.8%
Pizza $10.79$9.2416.7%
Beer $9.39$8.638.8%

Health Care

ItemTwin LakesNational avg.Difference
Optometrist $85.00$99.7814.8%
Doctor $127.50$105.0321.4%
Dentist $80.50$88.709.2%
Ibuprofen $8.98$9.414.6%
Lipitor $294.93$298.501.2%

Housing

ItemTwin LakesNational avg.Difference
Home Price $59,700.00$175,700.0066.0%
Avg. Mortgage Payment $1,479.75$1,081.0336.9%
Apartment Rent $332.00$920.0063.9%

Transportation

ItemTwin LakesNational avg.Difference
Gasoline $2.10$2.090.4%
Tire Balancing $41.98$45.297.3%

Utilities

ItemTwin LakesNational avg.Difference
All Electricity$160.81$170.805.9%
Phone $27.99$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.
Tse Bonito, NM22769-31%
Yah-ta-hey, NM40772-28%
Rock Springs, NM27776-24%
Brimhall Nizhoni, NM37082-18%
Nakaibito, NM47283-17%
Twin Lakes, NM89583-17%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Pastoria, VA89579-21%
Camp Hill, AL89582-18%
Newman, IL89581-19%
Southmayd, TX89580-20%
Barker Ten Mile, NC89596-4%
Twin Lakes, NM89583-17%
Source: The Twin Lakes, NM cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.