Cost of Living in Truth or Consequences, NM

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17%
Overall NAT. AVG.
4%
Groceries NAT. AVG.
52%
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 Truth or Consequences New Mexico National
Cost of living8394100
Groceries9698100
Health care9998100
Housing4885100
Transportation10198100
Utilities9697100
Lifestyle & Entertainment9696100
Household Items9898100
Education & Childcare10096100
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Homes For Sale In Truth or Consequences, NM

property for sale

619 Lucky St

Truth Or Consequences, NM
property for sale

518 W 7th Ave

Truth Or Consequences, NM
property for sale

500 N Foch St

Truth Or Consequences, NM
property for sale

TBD Waterdog Rd

, NM

Cost Of Living Quick Facts

  • The cost of living in Truth or Consequences is 12% lower than the New Mexico average
  • The cost of living in Truth or Consequences is 17% lower than the national average
  • Truth or Consequences housing is 52% 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 Truth or Consequences

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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$41,931$3,494$978$1,258
      Renters$36,930$3,078$862$1,108
      The affordability of the housing market in Truth or Consequences, 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 Truth or Consequences homeowners, the median income is $41,931. This indicates that a monthly maximum of $978 should be spent by homeowners on all housing related costs. Renters have a median income of $36,930. This indicates that renters would have a maximum of $862 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.
      Hot Springs Landing, NM48982.1%
      Caballo, NM121982.1%
      Oasis, NM119982.1%
      Williamsburg, NM4958317.3%
      Las Palomas, NM1208812.2%
      Truth or Consequences, NM5,9768317.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Branford Center, CT5,97511919.5%
      Lake Mohegan, NY5,97514242.3%
      Massanetta Springs, VA5,97512828.2%
      Monroeville, AL5,9779010.4%
      Ellenton, FL5,9741021.8%
      Truth or Consequences, NM5,9768317.2%
      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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