Cotton City 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.
IndexCotton CityNew MexicoNational
Cost of living index8192100
IndexCotton CityNew MexicoNational
Goods & Services index9492100
Groceries index9999100
Health care index9599100
Housing index4486100
Transportation index10597100
Utilities index9887100
How would you rate the cost of living in Cotton City?
Write a review to give others more information about this area.
Is the cost of living increasing or decreasing in Cotton City?
Write a review to give others more information about this area.
See all Cotton City poll results

Did you know?

  • The cost of living in Cotton City is 12% lower than the New Mexico average.
  • The cost of living in Cotton City is 19% lower than the national average.
  • The cost of housing in Cotton City is 56% 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.

Compare Cotton City, NM Cost of living To Other Cities

      vs

      Salary Calculator

      This is how much you would need to earn in
      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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$33,542$2,795$783$1,006
      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

      ItemCotton CityNational avg.Difference
      Haircut $11.58$17.4933.8%
      Beauty Salon $28.75$38.1724.7%
      Toothpaste $1.91$2.3217.8%
      Shampoo $0.85$1.0116.3%
      Movie $7.83$10.7227.0%
      Bowling $3.75$13.8672.9%

      Groceries

      ItemCotton CityNational avg.Difference
      Ground Beef $4.17$3.907.0%
      Fried Chicken $1.13$1.4018.8%
      Milk $1.62$1.9617.6%
      Potatoes $3.54$3.1811.2%
      Pizza $10.09$10.392.9%
      Beer $8.69$9.235.9%

      Health Care

      ItemCotton CityNational avg.Difference
      Optometrist $88.00$106.3417.2%
      Doctor $95.42$115.2517.2%
      Dentist $88.52$98.3810.0%
      Ibuprofen $10.02$9.268.2%
      Lipitor $430.47$466.477.7%

      Housing

      ItemCotton CityNational avg.Difference
      Home Price $81,000.00$184,700.0056.1%
      Avg. Mortgage Payment $1,072.44$1,273.3215.8%
      Apartment Rent $0.00$949.00100.0%

      Transportation

      ItemCotton CityNational avg.Difference
      Gasoline $2.30$2.5911.4%
      Tire Balancing $50.80$48.903.9%

      Utilities

      ItemCotton CityNational avg.Difference
      All Electricity$169.49$167.601.1%
      Phone $26.99$163.4283.5%
      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.
      Windmill, NM9979-21%
      Animas, NM21085-15%
      Cotton City, NM28881-19%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Newry, PA28893-7%
      Corunna, IN28879-21%
      Marietta, MS28875-25%
      Glendo, WY28886-14%
      Stone City, IA28896-4%
      Cotton City, NM28881-19%
      Source: The Cotton City, NM cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.