Bloomfield, NM Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Bloomfield, NM Summary

Cost of living in Bloomfield research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Bloomfield is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in New Mexico, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Bloomfield is 86, with 100 being the average.

  • The cost of living index in Bloomfield is 0.9x lower than the national average.

  • Bloomfield ranks as the #18 cheapest in New Mexico out of 44.

  • Bloomfield ranks as the #938 cheapest out of 6,412 in the US.

  • The median home value in Bloomfield is $157,100.

  • The median income in Bloomfield is $47,284.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
86
Bloomfield's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Bloomfield, NM?

According to the most recent data on the cost of living, Bloomfield has an overall cost of living index of 86, which is 0.9x lower than the national index of 100.

Compared to New Mexico, Bloomfield has a cost of living index that's 0.9x lower than New Mexico's index of 94.

The standard of living in Bloomfield ranks as #18 most affordable out of the 44 places we measured in New Mexico. By definition, that implies Bloomfield ranks as the #26 most expensive place in the Land of Enchantment.

For more reading on life in Bloomfield, check out:

18 out of 44
In New Mexico
938 out of 6,412
In America

Bloomfield Cost Of Living Vs. New Mexico

Six factors go into calculating the cost of living index in Bloomfield. Here is how it fairs on each of the criteria:

  • The Services index in Bloomfield is 86.

  • The Groceries index in Bloomfield is 98.

  • The Health index in Bloomfield is 97.

  • The Housing index in Bloomfield is 75.

  • The Transportation index in Bloomfield is 86.

  • The Utilities index in Bloomfield is 95.

Living Expense Bloomfield New Mexico National Average
Overall 86 94 100
Services 86 97 100
Groceries 98 96 100
Health 97 100 100
Housing 75 88 100
Transportation 86 96 100
Utilities 95 91 100
For more reading on cost of living around New Mexico, check out:
Bloomfield Cost of Living Vs. NM

Bloomfield, NM Housing Cost Breakdown

Housing swings affordability the most between places in New Mexico, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Bloomfield is $157,100.

  • The Median Rent in Bloomfield is $772.

  • The Median Income in Bloomfield is $47,284.

  • The Home Value To Income in Bloomfield is 3.3x.

  • The Rent To Monthly Income in Bloomfield is 0.2x.

Statistic Bloomfield New Mexico United States
Median Home Value $157,100 $184,800 $244,900
Median Rent $772 $897 $1,163
Median Income $47,284 $54,020 $69,021
Home Value To Income 3.3x 3.4x 3.5x
Rent To Monthly Income 0.2x 0.2x 0.2x
Search Homes For Sale In Bloomfield, NM
$157,100
Median Home Value
$772
Median Rent
$47,284
Median Income

Bloomfield, NM Costs By Category

Detailed Bloomfield Services Costs Vs. New Mexico

Item Bloomfield New Mexico
Shampoo $0.92 $1.06
Movie $9.5 $10.68
Bowling $11.2 $14.67
Haircut $18.38 $18.62
Beauty Salon $35.53 $39.05

Detailed Bloomfield Groceries Costs Vs. New Mexico

Item Bloomfield New Mexico
Ground Beef $4.9 $4.22
Fried Chicken $1.11 $1.39
Milk $1.96 $2.05
Potatoes $3.05 $3.29
Pizza $9.67 $10.62
Beer $8.22 $9.38
Toothpaste $2.79 $2.34

Detailed Bloomfield Health Costs Vs. New Mexico

Item Bloomfield New Mexico
Optometrist $118.86 $108.57
Doctor $127.67 $116.17
Dentist $86.56 $99.13

Detailed Bloomfield Transportation Costs Vs. New Mexico

Item Bloomfield New Mexico
Gasoline $1.97 $2.22
Tire Balancing $40.79 $50.07

Detailed Bloomfield Utilities Costs Vs. New Mexico

Item Bloomfield New Mexico
All Electricity $150.01 $167.67
Phone $183.97 $175.64

Bloomfield SnackAbility

6
/10
Overall SnackAbility
Jobs
8/10
Housing
6
Affordability
8
Diversity
10
Safety
5
Amenities
8
Education
5
Commute
7

Cost Of Living In Cities Around Bloomfield

The cost of living varies in the cities and towns around Bloomfield. Here's a quick look at the cost of living in the most populous nearby places:

  • Farmington, NM has a cost of living index of 92, 1.1x Bloomfield.

  • Aztec, NM has a cost of living index of 86, 1.0x Bloomfield.

City Population Cost Of Living Vs. Bloomfield
Farmington, NM 46,696 92 1.1x
Aztec, NM 6,283 86 1.0x

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