Cost of Living in Raton, NM

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A+
8%
Overall NAT. AVG.
5%
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 Raton New Mexico National
Cost of living9294100
Groceries10598100
Health care10798100
Housing5785100
Transportation10498100
Utilities10897100
Lifestyle & Entertainment11396100
Household Items10598100
Education & Childcare10796100
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Homes For Sale In Raton, NM

property for sale

1130 S 4th St

Raton, NM
property for sale

20 N Oakwood Ln

Raton, NM
property for sale

617 Gold St

Raton, NM
property for sale

1432 S 5th St

Raton, NM
See the Newest Homes For Sale In Raton, NM

Cost Of Living Quick Facts

  • The cost of living in Raton is 2% lower than the New Mexico average
  • The cost of living in Raton is 8% lower than the national average
  • Raton 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 Raton

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      Salary Calculator

      This is how much you would need to earn in
      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$60,778$5,065$1,418$1,824
      Renters$25,113$2,093$586$753
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Raton, 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 Raton homeowners, is $60,778. This would allow for a maximum of $1,418 per month to be spent on housing costs. For renters, the median monthly income is $25,113 which would result in a maximum of $586 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.
      Raton, NM6,164928.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Saranap, CA6,163222122.4%
      Maquoketa, IA6,1638317.1%
      Shaw Heights, CO6,16512525.5%
      East Alton, IL6,1658316.6%
      Highland, NY6,16511918.6%
      Raton, NM6,164928.2%
      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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