University Park 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.
IndexUniversity ParkNew MexicoNational
Cost of living index87n/a100
IndexUniversity ParkNew MexicoNational
Goods & Services index93n/a100
Groceries index103n/a100
Health care index89n/a100
Housing index71n/a100
Transportation index98n/a100
Utilities index88n/a100

Did you know?

  • The cost of living in University Park is equal to the New Mexico average.
  • The cost of living in University Park is 13% lower than the national average.
  • The cost of housing in University Park is 29% 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 University Park, 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$0$0$0$0
Renters$11,903$992$278$357

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

ItemUniversity ParkNational avg.Difference
Haircut $17.10$14.5917.2%
Beauty Salon $36.00$34.683.8%
Toothpaste $2.12$2.4714.3%
Shampoo $1.21$1.0218.4%
Movie $9.56$9.873.1%
Bowling $3.53$4.3919.6%

Groceries

ItemUniversity ParkNational avg.Difference
Ground Beef $5.10$4.4813.9%
Fried Chicken $1.39$1.465.1%
Milk $2.58$2.369.5%
Potatoes $3.35$3.069.4%
Pizza $7.99$9.2413.6%
Beer $9.32$8.638.0%

Health Care

ItemUniversity ParkNational avg.Difference
Optometrist $73.00$99.7826.8%
Doctor $88.33$105.0315.9%
Dentist $82.00$88.707.6%
Ibuprofen $8.50$9.419.7%
Lipitor $271.13$298.509.2%

Housing

ItemUniversity ParkNational avg.Difference
Home Price $0.00$175,700.00100.0%
Avg. Mortgage Payment $849.19$1,081.0321.4%
Apartment Rent $649.00$920.0029.5%

Transportation

ItemUniversity ParkNational avg.Difference
Gasoline $1.96$2.096.1%
Tire Balancing $49.96$45.2910.3%

Utilities

ItemUniversity ParkNational avg.Difference
All Electricity$141.86$170.8016.9%
Phone $26.95$28.264.6%
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.
Pecan Park, NM6676-24%
Berino, NM1,67477-23%
Mesquite, NM63979-21%
Vado, NM2,78179-21%
San Miguel, NM1,42678-22%
University Park, NM3,17987-13%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Malvern, PA3,17913636%
Cloverdale, VA3,1791022%
Hollywood Park, TX3,17911818%
Flat Rock, NC3,18112626%
South Hempstead, NY3,18116060%
University Park, NM3,17987-13%
Source: The University Park, NM cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.