Twin Lakes 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.
IndexTwin LakesNew MexicoNational
Cost of living index7792100
IndexTwin LakesNew MexicoNational
Goods & Services index9794100
Groceries index93105100
Health care index101103100
Housing index3586100
Transportation index101100100
Utilities index8478100

Did you know?

  • The cost of living in Twin Lakes is 17% lower than the New Mexico average.
  • The cost of living in Twin Lakes is 23% lower than the national average.
  • The cost of housing in Twin Lakes is 65% 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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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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$20,000$1,667$467$600
Renters$16,250$1,354$379$488

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%

Goods & Services

ItemTwin LakesNational avg.Difference
Haircut $19.33$16.0920.2%
Beauty Salon $45.00$37.3320.5%
Toothpaste $3.47$2.4541.9%
Shampoo $0.82$1.0018.0%
Movie $11.72$10.2814.0%
Bowling $6.25$4.9326.7%

Groceries

ItemTwin LakesNational avg.Difference
Ground Beef $4.84$3.8027.3%
Fried Chicken $1.11$1.4020.5%
Milk $1.52$2.0124.5%
Potatoes $2.32$3.0123.1%
Pizza $9.32$9.895.7%
Beer $7.99$8.9010.2%

Health Care

ItemTwin LakesNational avg.Difference
Optometrist $101.52$102.160.6%
Doctor $103.83$108.364.2%
Dentist $100.33$92.538.4%
Ibuprofen $8.48$9.288.6%
Lipitor $422.06$425.820.9%

Housing

ItemTwin LakesNational avg.Difference
Home Price $49,200.00$184,700.0073.4%
Avg. Mortgage Payment $1,144.40$1,202.444.8%
Apartment Rent $511.00$949.0046.2%

Transportation

ItemTwin LakesNational avg.Difference
Gasoline $2.21$2.241.5%
Tire Balancing $49.95$46.297.9%

Utilities

ItemTwin LakesNational avg.Difference
All Electricity$149.57$165.969.9%
Phone $22.15$28.6822.8%
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.
Yah-ta-hey, NM44173-27%
Nakaibito, NM42476-24%
Brimhall Nizhoni, NM39376-24%
Rock Springs, NM51378-22%
Tohatchi, NM95279-21%
Twin Lakes, NM99577-23%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
South Fork, PA99582-18%
Sidney, IA99580-20%
Le Grand, IA99587-13%
Woodridge, NY99592-8%
Lynnville, IN99583-17%
Twin Lakes, NM99577-23%
Source: The Twin Lakes, NM cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.