Young 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.
IndexYoung PlaceNew MexicoNational
Cost of living index91n/a100
IndexYoung PlaceNew MexicoNational
Goods & Services index94n/a100
Groceries index91n/a100
Health care index101n/a100
Housing indexn/an/a100
Transportation index88n/a100
Utilities index81n/a100

Did you know?

  • The cost of living in Young Place is equal to the New Mexico average.
  • The cost of living in Young Place is 9% lower than the national average.
  • The cost of housing in Young Place is equal to 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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Groceries index
Health care index
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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$0$0$0$0

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

ItemYoung PlaceNational avg.Difference
Haircut $13.00$14.5910.9%
Beauty Salon $42.00$34.6821.1%
Toothpaste $1.82$2.4726.4%
Shampoo $0.89$1.0212.9%
Movie $9.00$9.878.8%
Bowling $4.31$4.391.9%

Groceries

ItemYoung PlaceNational avg.Difference
Ground Beef $4.93$4.4810.1%
Fried Chicken $1.27$1.4613.3%
Milk $2.73$2.3615.8%
Potatoes $3.36$3.069.8%
Pizza $8.00$9.2413.4%
Beer $8.93$8.633.4%

Health Care

ItemYoung PlaceNational avg.Difference
Optometrist $107.00$99.787.2%
Doctor $111.63$105.036.3%
Dentist $82.36$88.707.1%
Ibuprofen $8.88$9.415.7%
Lipitor $317.18$298.506.3%

Housing

ItemYoung PlaceNational avg.Difference
Home Price $0.00$175,700.00100.0%
Avg. Mortgage Payment $871.14$1,081.0319.4%
Apartment Rent $0.00$920.00100.0%

Transportation

ItemYoung PlaceNational avg.Difference
Gasoline $1.79$2.0914.5%
Tire Balancing $43.38$45.294.2%

Utilities

ItemYoung PlaceNational avg.Difference
All Electricity$130.05$170.8023.9%
Phone $25.00$28.2611.5%
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.
Navajo Dam, NM10090-10%
Southern Ute, CO15694-6%
Ignacio, CO83299-1%
Arboles, CO2631099%
Young Place, NM6591-9%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Elmira, MO6579-21%
Bendena, KS6584-16%
Bradford, IA6574-26%
Running Water, SD6595-5%
Orogrande, NM6595-5%
Young Place, NM6591-9%
Source: The Young Place, NM cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.