Inez, NM Cost Of Living

Inez 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	Inez	Albuquerque	New Mexico
Cost of living index	91	95	92
Index	Inez	Albuquerque	New Mexico
Goods & Services index	97	97	94
Groceries index	93	93	105
Health care index	101	101	103
Housing index	82	96	86
Transportation index	101	101	100
Utilities index	84	84	78

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The cost of living in Inez is 1% lower than the Albuquerque average.
The cost of living in Inez is 9% lower than the national average.
The cost of housing in Inez is 18% 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)
Household	$55,108	$4,592	$1,286	$1,653

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	Albuquerque	National avg.	Difference
Haircut	$19.33	$16.09	20.2%
Beauty Salon	$45.00	$37.33	20.5%
Toothpaste	$3.47	$2.45	41.9%
Shampoo	$0.82	$1.00	18.0%
Movie	$11.72	$10.28	14.0%
Bowling	$6.25	$4.93	26.7%

Groceries

Item	Albuquerque	National avg.	Difference
Ground Beef	$4.84	$3.80	27.3%
Fried Chicken	$1.11	$1.40	20.5%
Milk	$1.52	$2.01	24.5%
Potatoes	$2.32	$3.01	23.1%
Pizza	$9.32	$9.89	5.7%
Beer	$7.99	$8.90	10.2%

Health Care

Item	Albuquerque	National avg.	Difference
Optometrist	$101.52	$102.16	0.6%
Doctor	$103.83	$108.36	4.2%
Dentist	$100.33	$92.53	8.4%
Ibuprofen	$8.48	$9.28	8.6%
Lipitor	$422.06	$425.82	0.9%

Housing

Item	Albuquerque	National avg.	Difference
Home Price	$185,400.00	$184,700.00	0.4%
Avg. Mortgage Payment	$1,144.40	$1,202.44	4.8%
Apartment Rent	$816.00	$949.00	14.0%

Transportation

Item	Albuquerque	National avg.	Difference
Gasoline	$2.21	$2.24	1.5%
Tire Balancing	$49.95	$46.29	7.9%

Utilities

Item	Albuquerque	National avg.	Difference
All Electricity	$149.57	$165.96	9.9%
Phone	$22.15	$28.68	22.8%

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.
San Antonito CDP (Socorro County), NM	33	95	-5%
Pajarito Mesa, NM	343	95	-5%
Monterey Park, NM	1,771	74	-26%
Placitas CDP (Doña Ana County), NM	725	77	-23%
Isleta Village Proper, NM	489	81	-19%
Albuquerque, NM	556,859	95	-5%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Tucson, AZ	527,586	92	-8%
Milwaukee, WI	598,672	89	-11%
Fresno, CA	513,807	105	5%
Louisville, KY	611,573	91	-9%
Las Vegas, NV	613,295	100	0%
Albuquerque, NM	556,859	95	-5%

Source: The Inez, Albuquerque, NM cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Inez, Albuquerque, NM Cost of Living