Cost Of Living in Santa Teresa, NM

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0%

Overall NAT. AVG.

0%

Groceries NAT. AVG.

3%

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	Santa Teresa	New Mexico	National
Cost of living	100	94	100
Groceries	100	98	100
Health care	102	98	100
Housing	97	85	100
Transportation	104	98	100
Utilities	106	97	100
Lifestyle & Entertainment	100	96	100
Household Items	102	98	100
Education & Childcare	101	96	100

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Homes For Sale In Santa Teresa, NM

561 La Entrada Cir

Sunland Park, NM

6047 Summer Ridge Ave

Santa Teresa, NM

6049 Summer Ridge Ave

Santa Teresa, NM

864 Via Glorieta

Sunland Park, NM

Cost Of Living Quick Facts

The cost of living in Santa Teresa is 7% higher than the New Mexico average
The cost of living in Santa Teresa is equal to the national average
Santa Teresa housing is 3% 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

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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	$81,387	$6,782	$1,899	$2,442
Renters	$51,678	$4,307	$1,206	$1,550

The affordability of the housing market in Santa Teresa, NM as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Santa Teresa homeowners, the median income is $81,387. This indicates that a monthly maximum of $1,899 should be spent by homeowners on all housing related costs. Renters have a median income of $51,678. This indicates that renters would have a maximum of $1,206 for their rent related monthly 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.
Berino, NM	1,772	83	17.5%
La Union, NM	940	86	14.2%
Anthony, NM	9,529	87	13.0%
Westway, TX	3,490	87	12.6%
Canutillo, TX	5,103	87	12.6%
Santa Teresa, NM	6,706	100	0.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Geneseo, IL	6,706	93	6.7%
Homeacre-Lyndora, PA	6,702	98	1.6%
Pollock Pines, CA	6,711	124	24.2%
Medina, MN	6,711	146	46.4%
Carthage, TX	6,700	90	9.7%
Santa Teresa, NM	6,706	100	0.2%