Cost of Living in Melrose, NM

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15%
Overall NAT. AVG.
0%
Groceries NAT. AVG.
43%
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 Melrose New Mexico National
Cost of living8594100
Groceries10098100
Health care10098100
Housing5785100
Transportation9698100
Utilities9497100
Lifestyle & Entertainment9496100
Household Items9698100
Education & Childcare9596100
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Homes For Sale In Melrose, NM

property for sale

520 N 10th St

Melrose, NM
property for sale

405 N 8th St

Melrose, NM
property for sale

801 E Avenue A

Melrose, NM
property for sale

740 N 8th St

Melrose, NM

Cost Of Living Quick Facts

  • The cost of living in Melrose is 9% lower than the New Mexico average
  • The cost of living in Melrose is 15% lower than the national average
  • Melrose housing is 43% lower 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

Most Affordable Places to Live in and Around Melrose

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      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$79,179$6,598$1,847$2,376
      Renters$0$0$0$0

      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.
      Floyd, NM938415.6%
      Melrose, NM5948515.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Gurley, AL5948514.5%
      Graham, GA5948119.0%
      Junction City, IL5948118.6%
      Chaplin, KY5948811.6%
      Pleasant Hill, LA5948218.0%
      Melrose, NM5948515.0%
      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.
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