Cost Of Living in Red River, NM

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C

4%

Overall NAT. AVG.

0%

Goods & Services NAT. AVG.

15%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Red River	New Mexico	National
Cost of living	104	93	100
Goods & Services	100	97	100
Groceries	98	97	100
Health care	100	97	100
Housing	115	86	100
Transportation	100	95	100
Utilities	94	90	100

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Cost Of Living Quick Facts

The cost of living in Red River is 12% higher than the New Mexico average
The cost of living in Red River is 4% higher than the national average
Red River housing is 15% 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

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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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$0	$0	$0	$0
Renters	$19,007	$1,584	$443	$570

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%

Goods & Services

Item	Red River	National avg.	Difference
Haircut	$23.33	$24.26	3.8%
Beauty Salon	$45.83	$45.56	0.6%
Toothpaste	$3.47	$3.70	6.2%
Shampoo	$1.22	$1.28	4.9%
Movie	$18.99	$12.13	56.5%
Bowling	$29.17	$18.00	62.0%

Groceries

Item	Red River	National avg.	Difference
Ground Beef	$5.63	$5.84	3.5%
Fried Chicken	$1.38	$1.57	12.6%
Milk	$4.69	$4.67	0.4%
Potatoes	$3.88	$4.93	21.3%
Pizza	$12.82	$12.09	6.1%
Beer	$10.59	$10.41	1.7%

Health Care

Item	Red River	National avg.	Difference
Optometrist	$82.33	$125.68	34.5%
Doctor	$99.00	$135.78	27.1%
Dentist	$103.33	$113.29	8.8%
Ibuprofen	$10.75	$10.65	0.9%
Lipitor	$538.16	$468.60	14.8%

Housing

Item	Red River	National avg.	Difference
Home Price	$233,300.00	$184,700.00	26.3%
Avg. Mortgage Payment	$2,880.89	$2,346.69	22.8%
Apartment Rent	$853.00	$949.00	10.1%

Transportation

Item	Red River	National avg.	Difference
Gasoline	$3.71	$3.46	7.1%
Tire Balancing	$67.11	$59.92	12.0%

Utilities

Item	Red River	National avg.	Difference
All Electricity	$155.08	$193.99	20.1%
Phone	$194.35	$192.25	1.1%

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	Population	Cost of Living Index	National Avg.
San Cristobal, NM	156	98	2.1%
Questa, NM	1,961	92	7.9%
Eagle Nest, NM	267	93	7.3%
Arroyo Seco, NM	2,311	107	7.1%
Taos Ski Valley, NM	46	167	67.4%
Red River, NM	594	104	3.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Notus, ID	594	93	6.7%
St. Paul CDP, TX	594	89	10.7%
Barton, VT	594	92	7.6%
Sainte-Sophie-d'Halifax, QC	594	n/a
Mingan, QC	594	n/a
Red River, NM	594	104	3.6%