Vecinos Del Bosque, New Mexico Cost Of Living

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B+

Overall 13%

Goods & Services 3%

Housing 33%

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Vecinos Del Bosque	Albuquerque	New Mexico
Cost of living	87	95	92
Goods & Services	97	97	92
Groceries	93	93	99
Health care	101	101	99
Housing	67	96	86
Transportation	101	101	97
Utilities	84	84	87

Key findings

The cost of living in Vecinos Del Bosque is 5% lower than the Albuquerque average
The cost of living in Vecinos Del Bosque is 13% lower than the national average
Vecinos Del Bosque housing is 33% 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	$33,811	$2,818	$789	$1,014

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	$17.49	10.5%
Beauty Salon	$45.00	$38.17	17.9%
Toothpaste	$3.47	$2.32	49.7%
Shampoo	$0.82	$1.01	19.0%
Movie	$11.72	$10.72	9.3%
Bowling	$6.25	$13.86	54.9%

Groceries

Item	Albuquerque	National avg.	Difference
Ground Beef	$4.84	$3.90	24.1%
Fried Chicken	$1.11	$1.40	20.5%
Milk	$1.52	$1.96	22.7%
Potatoes	$2.32	$3.18	27.2%
Pizza	$9.32	$10.39	10.3%
Beer	$7.99	$9.23	13.4%

Health Care

Item	Albuquerque	National avg.	Difference
Optometrist	$101.52	$106.34	4.5%
Doctor	$103.83	$115.25	9.9%
Dentist	$100.33	$98.38	2.0%
Ibuprofen	$8.48	$9.26	8.4%
Lipitor	$422.06	$466.47	9.5%

Housing

Item	Albuquerque	National avg.	Difference
Home Price	$185,400.00	$184,700.00	0.4%
Avg. Mortgage Payment	$1,144.40	$1,273.32	10.1%
Apartment Rent	$816.00	$949.00	14.0%

Transportation

Item	Albuquerque	National avg.	Difference
Gasoline	$2.21	$2.59	14.8%
Tire Balancing	$49.95	$48.90	2.2%

Utilities

Item	Albuquerque	National avg.	Difference
All Electricity	$149.57	$167.60	10.8%
Phone	$22.15	$163.42	86.4%

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.
Chical, NM	153	95	-5%
Pajarito Mesa, NM	343	95	-5%
Monterey Park, NM	1,771	71	-29%
Isleta Village Proper, NM	489	81	-19%
Pueblo of Sandia Village, NM	394	83	-17%
Albuquerque, NM	556,859	95	-5%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Tucson, AZ	527,586	93	-7%
Milwaukee, WI	598,672	88	-12%
Fresno, CA	513,807	101	1%
Louisville, KY	611,573	93	-7%
Las Vegas, NV	613,295	99	-1%
Albuquerque, NM	556,859	95	-5%

Source: The Vecinos Del Bosque, Albuquerque, NM cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Vecinos Del Bosque, Albuquerque, NM Cost of Living