Ruidoso 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.
IndexRuidosoNew MexicoNational
Cost of living index9392100
IndexRuidosoNew MexicoNational
Goods & Services index9194100
Groceries index116105100
Health care index105103100
Housing index9086100
Transportation index98100100
Utilities index7278100
An overview of the general cost of living index for Ruidoso, NM is displayed above for your reference. Residents in Ruidoso, NM enjoy a cost of living index of 93. This index is 1% higher than the New Mexico average, and 7% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Ruidoso, NM, the average cost of goods and services is 3% lower than it is in New Mexico, and it is 9% lower than the national average.

Did you know?

  • The cost of living in Ruidoso is 1% higher than the New Mexico average.
  • The cost of living in Ruidoso is 7% lower than the national average.
  • The cost of housing in Ruidoso is 10% lower 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.

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Compare Ruidoso, NM Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Ruidoso, NM to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Ruidoso, NM, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Ruidoso, NM salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
One can approximate the cost of living and the housing affordability in Ruidoso, NM by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Ruidoso, NM have a median income of $41,056. Therefore, the amount that a consumer should spend on housing costs should be no more than $958 per month to avoid calamity and poverty. The renters in the city have an income of about $33,347, which would make their monthly maximum allowable rental costs $778.

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%
One thing to keep in mind when considering the cost of living in Ruidoso, NM is the New Mexico sales tax and New Mexico income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The New Mexico sales tax rate is 5.125% and the maximum surtax that can be charged is 8.688%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The New Mexico income tax rates range from 1.7% to 4.9%.

Goods & Services

ItemRuidosoNational avg.Difference
Haircut $16.58$16.093.1%
Beauty Salon $54.29$37.3345.4%
Toothpaste $2.45$2.450.0%
Shampoo $1.07$1.007.2%
Movie $9.39$10.288.7%
Bowling $4.01$4.9318.7%


ItemRuidosoNational avg.Difference
Ground Beef $3.99$3.805.0%
Fried Chicken $2.25$1.4060.9%
Milk $2.31$2.0115.2%
Potatoes $2.57$3.0114.5%
Pizza $9.94$9.890.5%
Beer $7.93$8.9010.9%

Health Care

ItemRuidosoNational avg.Difference
Optometrist $95.35$102.166.7%
Doctor $124.44$108.3614.8%
Dentist $95.75$92.533.5%
Ibuprofen $9.11$9.281.8%
Lipitor $427.36$425.820.4%


ItemRuidosoNational avg.Difference
Home Price $167,600.00$184,700.009.3%
Avg. Mortgage Payment $1,028.72$1,202.4414.4%
Apartment Rent $824.00$949.0013.2%


ItemRuidosoNational avg.Difference
Gasoline $2.14$2.244.7%
Tire Balancing $47.69$46.293.0%


ItemRuidosoNational avg.Difference
All Electricity$109.47$165.9634.0%
Phone $22.69$28.6820.9%
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.
Bent, NM11195-5%
Mescalero, NM1,37175-25%
Ruidoso Downs, NM2,62985-15%
Capitan, NM1,54886-14%
Nogal, NM9993-7%
Ruidoso, NM7,83393-7%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Nantucket, MA7,83019898%
Olivette, MO7,83011111%
Fair Lakes, VA7,82914646%
Maryville, IL7,83799-1%
Spanish Fort, AL7,8251088%
Ruidoso, NM7,83393-7%
Source: The Ruidoso, NM cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.