Cost Of Living in Bosque Farms, NM

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A-

4%

Overall NAT. AVG.

1%

Groceries NAT. AVG.

18%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Bosque Farms	New Mexico	National
Cost of living	104	94	100
Groceries	99	98	100
Health care	97	98	100
Housing	118	85	100
Transportation	100	98	100
Utilities	95	97	100
Lifestyle & Entertainment	93	96	100
Household Items	98	98	100
Education & Childcare	99	96	100

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Homes For Sale In Bosque Farms, NM

330 Sego Lily St

Bosque Farms, NM

2910 Parklane Dr

Bosque Farms, NM

995 Harris Ave

Bosque Farms, NM

1165 Bosque Farms Blvd

Bosque Farms, NM

Cost Of Living Quick Facts

The cost of living in Bosque Farms is 11% higher than the New Mexico average
The cost of living in Bosque Farms is 4% higher than the national average
Bosque Farms housing is 18% higher than the national average
New Mexico general sales tax is 2% lower than the national average
New Mexico state income tax is 35% lower than the national average

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$98,678	$8,223	$2,302	$2,961
Renters	$60,916	$5,076	$1,421	$1,828

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Bosque Farms, NM, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Bosque Farms homeowners, is $98,678. This would allow for a maximum of $2,302 per month to be spent on housing costs. For renters, the median monthly income is $60,916 which would result in a maximum of $1,421 to be spent on rental costs.

New Mexico Sales Tax

State	General Sales Tax	With Max Surtax
New Mexico	5%	8.688%

New Mexico Income Tax

State	Income Tax (Low)	Income Tax (High)
New Mexico	1.7%	5.9%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Chical, NM	209	98	2.3%
Adelino, NM	1,137	98	2.3%
Pajarito Mesa, NM	316	76	24.3%
Isleta Village Proper, NM	502	83	17.3%
Meadow Lake, NM	4,378	83	16.8%
Bosque Farms, NM	3,984	104	3.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Shrewsbury, PA	3,984	106	6.4%
Canton, TX	3,984	94	6.5%
Hansville, WA	3,983	132	31.9%
Elba, AL	3,985	82	18.1%
Eastland, TX	3,985	89	10.9%
Bosque Farms, NM	3,984	104	3.8%

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

Cost of Living in Bosque Farms, NM

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Cost Of Living Quick Facts

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Median Income & Debt-To-Income Ratio

New Mexico Sales Tax

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Nearby cities with low cost of living

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