Cost of Living in Paradise Hills, NM

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A
2%
Overall NAT. AVG.
0%
Groceries NAT. AVG.
14%
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 Paradise Hills New Mexico National
Cost of living10294100
Groceries10098100
Health care9998100
Housing11485100
Transportation9798100
Utilities9997100
Lifestyle & Entertainment9396100
Household Items9698100
Education & Childcare9096100
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Homes For Sale In Paradise Hills, NM

property for sale

5652 Camino Canada NW

Albuquerque, NM
property for sale

5417 Chapel Dr NW

Albuquerque, NM
property for sale

5401 Kokopelli Ct NW

Albuquerque, NM
property for sale

5218 Fairfax Dr NW

Albuquerque, NM

Cost Of Living Quick Facts

  • The cost of living in Paradise Hills is 9% higher than the New Mexico average
  • The cost of living in Paradise Hills is 2% higher than the national average
  • Paradise Hills housing is 14% 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

Most Affordable Places to Live in and Around Paradise Hills

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      Salary Calculator

      This is how much you would need to earn in
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      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$86,073$7,173$2,008$2,582
      Renters$49,483$4,124$1,155$1,485
      A good way to judge both the affordability of the housing and the cost of living in Paradise Hills is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Paradise Hills has a median income of about $86,073 for people who own homes. Based on that number, a maximum of $2,008 should be spent on expenses related to housing. Renters have a slightly different median income, which is $49,483. Based on this average, renters should spend no more than $1,155 on all rental costs if they want to maintain a non-impoverished standard of living.

      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.
      Placitas CDP (Doña Ana County), NM7507822.0%
      Monterey Park, NM1,1358515.0%
      Santa Ana Pueblo, NM9638910.6%
      Indian Hills, NM839918.6%
      South Valley, NM40,361937.2%
      Paradise Hills, NM5,0431021.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Emerald Lake Hills, CA5,043350250.3%
      Meadows Place, TX5,0421021.9%
      Battlement Mesa, CO5,0411076.6%
      Vandergrift, PA5,0478515.3%
      Willits, CA5,03812222.4%
      Paradise Hills, NM5,0431021.9%
      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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