Rio Rancho 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.
IndexRio RanchoNew MexicoNational
Cost of living index9592100
IndexRio RanchoNew MexicoNational
Goods & Services index9092100
Groceries index9699100
Health care index10099100
Housing index10186100
Transportation index8997100
Utilities index9587100
The above illustration supplies generalized information for the Rio Rancho, NM cost of living index. Compared to other cities in New Mexico and cities across the country, the cost of living index in Rio Rancho, NM is 95, which is 4% higher than the New Mexico average and 5% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Rio Rancho, NM are 3% lower than the average for New Mexico and 10% lower than the rest of the country.
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Did you know?

  • The cost of living in Rio Rancho is 4% higher than the New Mexico average.
  • The cost of living in Rio Rancho is 5% lower than the national average.
  • The cost of housing in Rio Rancho is 1% higher 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 Rio Rancho, NM Cost of living To Other Cities

Salary Calculator

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Rio Rancho, NM to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Rio Rancho, NM, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Rio Rancho, NM salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Rio Rancho, NM, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Rio Rancho, NM homeowners have a median income of $68,876. Using that number, you will come up with a maximum of $1,607 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $43,525, which means there is a maximum of $1,016 to be spent on the costs of renting a home or apartment.

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%
For those who live in Rio Rancho, NM and want to know what the true cost of living is, they ought to look at both the New Mexico income tax rate and the New Mexico sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In New Mexico, the sales tax is 5.125%, while the most you'll pay in surtax is 8.688%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in New Mexico, the income tax rate ranges between 1.7% to 4.9%.

Goods & Services

ItemRio RanchoNational avg.Difference
Haircut $15.75$17.499.9%
Beauty Salon $34.70$38.179.1%
Toothpaste $2.14$2.327.8%
Shampoo $0.88$1.0113.0%
Movie $9.50$10.7211.4%
Bowling $11.20$13.8619.2%


ItemRio RanchoNational avg.Difference
Ground Beef $3.93$3.900.8%
Fried Chicken $1.00$1.4028.4%
Milk $1.57$1.9620.0%
Potatoes $2.03$3.1836.2%
Pizza $9.59$10.397.7%
Beer $8.27$9.2310.4%

Health Care

ItemRio RanchoNational avg.Difference
Optometrist $131.73$106.3423.9%
Doctor $138.75$115.2520.4%
Dentist $79.72$98.3819.0%
Ibuprofen $8.32$9.2610.2%
Lipitor $487.19$466.474.4%


ItemRio RanchoNational avg.Difference
Home Price $173,100.00$184,700.006.3%
Avg. Mortgage Payment $1,081.42$1,273.3215.1%
Apartment Rent $1,114.00$949.0017.4%


ItemRio RanchoNational avg.Difference
Gasoline $2.32$2.5910.6%
Tire Balancing $45.20$48.907.6%


ItemRio RanchoNational avg.Difference
All Electricity$151.80$167.609.4%
Phone $183.06$163.4212.0%
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.
Monterey Park, NM1,77171-29%
Placitas CDP (Doña Ana County), NM72575-25%
Santa Ana Pueblo, NM61980-20%
San Felipe Pueblo, NM2,85880-20%
Pueblo of Sandia Village, NM39483-17%
Rio Rancho, NM92,96695-5%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Sandy, UT93,14111414%
Carson, CA92,78013535%
Orem, UT93,2201011%
Hesperia, CA92,6641077%
Lawrence, KS92,61193-7%
Rio Rancho, NM92,96695-5%
Source: The Rio Rancho, NM cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.
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