Cost Of Living In University Park, NM

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.
Index	University Park	New Mexico	National
Cost of living index	91	94	100
Index	University Park	New Mexico	National
Goods & Services index	94	95	100
Groceries index	115	105	100
Health care index	102	100	100
Housing index	71	89	100
Transportation index	102	100	100
Utilities index	96	90	100

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The cost of living in University Park is 4% lower than the New Mexico average.
The cost of living in University Park is 9% 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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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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$0	$0	$0	$0
Renters	$11,903	$992	$278	$357

New Mexico Sales Tax

State	General Sales Tax	With Max Surtax
New Mexico	5.125%	8.688%

New Mexico Income Tax

State	Income Tax (Low)	Income Tax (High)
New Mexico	1.7%	4.9%

Goods & Services

Item	University Park	National avg.	Difference
Haircut	$16.45	$15.56	5.7%
Beauty Salon	$36.29	$36.11	0.5%
Toothpaste	$2.78	$2.47	12.4%
Shampoo	$0.92	$0.96	4.1%
Movie	$9.32	$10.13	8.0%
Bowling	$5.33	$4.74	12.6%

Groceries

Item	University Park	National avg.	Difference
Ground Beef	$5.58	$3.98	40.1%
Fried Chicken	$1.85	$1.41	31.5%
Milk	$2.71	$2.06	31.5%
Potatoes	$2.71	$2.98	9.2%
Pizza	$9.57	$9.47	1.0%
Beer	$7.26	$8.79	17.4%

Health Care

Item	University Park	National avg.	Difference
Optometrist	$97.14	$101.04	3.9%
Doctor	$110.33	$107.44	2.7%
Dentist	$96.89	$90.42	7.2%
Ibuprofen	$8.00	$9.28	13.8%
Lipitor	$426.85	$426.50	0.1%

Housing

Item	University Park	National avg.	Difference
Home Price	$0.00	$175,700.00	100.0%
Avg. Mortgage Payment	$1,079.40	$1,133.23	4.8%
Apartment Rent	$649.00	$920.00	29.5%

Transportation

Item	University Park	National avg.	Difference
Gasoline	$1.91	$1.99	4.0%
Tire Balancing	$52.94	$45.76	15.7%

Utilities

Item	University Park	National avg.	Difference
All Electricity	$136.58	$163.81	16.6%
Phone	$31.99	$28.39	12.7%

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, State	Population	Cost of Living Index	National Avg.
Pecan Park, NM	66	79	-21%
Berino, NM	1,674	81	-19%
Mesquite, NM	639	83	-17%
Vado, NM	2,781	83	-17%
San Miguel, NM	1,426	84	-16%
University Park, NM	3,179	91	-9%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Malvern, PA	3,179	134	34%
Cloverdale, VA	3,179	102	2%
Hollywood Park, TX	3,179	115	15%
Flat Rock, NC	3,181	124	24%
South Hempstead, NY	3,181	159	59%
University Park, NM	3,179	91	-9%

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 2016.

University Park, NM Cost of Living