| Index | Bernalillo | New Mexico | National |
| Cost of living | 95 | 94 | 100 |
| Groceries | 100 | 98 | 100 |
| Health care | 99 | 98 | 100 |
| Housing | 90 | 85 | 100 |
| Transportation | 97 | 98 | 100 |
| Utilities | 99 | 97 | 100 |
| Lifestyle & Entertainment | 93 | 96 | 100 |
| Household Items | 96 | 98 | 100 |
| Education & Childcare | 90 | 96 | 100 |
The cost of living in Bernalillo affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Bernalillo is 95, which is 5% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
The cost of living in Bernalillo is about average when compared to all other cities across the nation. You can expect that everyday items like food, household expenses and utility bills will be no more expensive than any other average city. Residents can anticipate living expenses that remain in line with the national average, ensuring a manageable financial burden, making it an attractive choice for those seeking affordability without the constraints of higher everyday expenditures.
Is Bernalillo affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Bernalillo, the median home price is 7.7% lower than the national average and monthly rent prices are 16.8% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Bernalillo boasting a median household income of $75,686, 6.9% lower than the national average.
Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Bernalillo comes in at 1.3% lower than the national average.
Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In Bernalillo, the groceries index registers 0.3% higher than the national average.
Taxes: Areas with higher taxes, including sales taxes and income taxes, can contribute to a higher cost of living. Paying more tax for everyday household expenses like clothing and food will result in higher costs, as will paying a higher rate of income tax. The general sales tax rate in Bernalillo starts at 5% and the income tax rates start at 1.7%.
The Bernalillo cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $89,514 | $7,460 | $2,089 | $2,686 |
| Renters | $41,380 | $3,448 | $965 | $1,242 |
| State | General Sales Tax | With Max Surtax |
| New Mexico | 5% | 8.688% |
| State | Income Tax (Low) | Income Tax (High) |
| New Mexico | 1.7% | 5.9% |
| City | Population | Cost of Living Index | National Avg. |
| San Antonito CDP (Socorro County), NM | 34 | 98 | 2.3% |
| Placitas CDP (Doña Ana County), NM | 750 | 78 | 22.0% |
| Zia Pueblo, NM | 876 | 80 | 19.9% |
| Monterey Park, NM | 1,135 | 85 | 15.0% |
| Santo Domingo Pueblo, NM | 2,363 | 88 | 12.2% |
| Bernalillo, NM | 10,437 | 95 | 5.4% |
| City | Population | Cost of Living Index | National Avg. |
| Elizabethtown-Kitley, ON | 10,437 | n/a | |
| Ponoka County, AB | 10,437 | n/a | |
| Fairmont, MN | 10,438 | 92 | 8.2% |
| Whitecourt, AB | 10,433 | n/a | |
| Shasta Lake, CA | 10,443 | 116 | 16.2% |
| Bernalillo, NM | 10,437 | 95 | 5.4% |
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