Melrose 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.
IndexMelroseNew MexicoNational
Cost of living index7792100
IndexMelroseNew MexicoNational
Goods & Services index9092100
Groceries index9299100
Health care index8899100
Housing index5086100
Transportation index8197100
Utilities index9087100
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Did you know?

  • The cost of living in Melrose is 15% lower than the New Mexico average.
  • The cost of living in Melrose is 23% lower than the national average.
  • The cost of housing in Melrose is 50% 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 Melrose, NM Cost of living To Other Cities

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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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$38,750$3,229$904$1,163
      Renters$35,893$2,991$837$1,077

      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

      ItemMelroseNational avg.Difference
      Haircut $21.43$17.4922.5%
      Beauty Salon $29.17$38.1723.6%
      Toothpaste $1.98$2.3214.7%
      Shampoo $0.81$1.0120.0%
      Movie $10.13$10.725.5%
      Bowling $11.67$13.8615.8%

      Groceries

      ItemMelroseNational avg.Difference
      Ground Beef $3.79$3.902.8%
      Fried Chicken $1.03$1.4026.2%
      Milk $2.09$1.966.5%
      Potatoes $3.00$3.185.7%
      Pizza $10.00$10.393.8%
      Beer $9.99$9.238.2%

      Health Care

      ItemMelroseNational avg.Difference
      Optometrist $70.56$106.3433.6%
      Doctor $106.88$115.257.3%
      Dentist $86.25$98.3812.3%
      Ibuprofen $8.48$9.268.4%
      Lipitor $418.25$466.4710.3%

      Housing

      ItemMelroseNational avg.Difference
      Home Price $68,800.00$184,700.0062.8%
      Avg. Mortgage Payment $762.99$1,273.3240.1%
      Apartment Rent $761.00$949.0019.8%

      Transportation

      ItemMelroseNational avg.Difference
      Gasoline $2.35$2.599.4%
      Tire Balancing $33.33$48.9031.8%

      Utilities

      ItemMelroseNational avg.Difference
      All Electricity$135.64$167.6019.1%
      Phone $182.64$163.4211.8%
      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, StatePopulationCost of Living IndexNational Avg.
      Floyd, NM13578-22%
      Melrose, NM61977-23%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Santa Ana Pueblo, NM61980-20%
      Curlew Lake, WA61996-4%
      Mocanaqua, PA61988-12%
      Ursa, IL61982-18%
      Valle Vista, TX61969-31%
      Melrose, NM61977-23%
      Source: The Melrose, NM cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.