Los Ranchos de Albuquerque, NM Cost Of Living

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

Cost Of Living In Los Ranchos de Albuquerque, NM Summary

Cost of living in Los Ranchos de Albuquerque 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 Los Ranchos de Albuquerque 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 Los Ranchos de Albuquerque is 108, with 100 being the average.

  • The cost of living index in Los Ranchos de Albuquerque is 1.1x higher than the national average.

  • Los Ranchos de Albuquerque ranks as the #42 cheapest in New Mexico out of 44.

  • Los Ranchos de Albuquerque ranks as the #3,954 cheapest out of 6,412 in the US.

  • The median home value in Los Ranchos de Albuquerque is $445,300.

  • The median income in Los Ranchos de Albuquerque is $64,304.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
108
Los Ranchos de Albuquerque's Overall Cost Of Living
1.1x
Higher Than The National Average

What is the cost of living in Los Ranchos de Albuquerque, NM?

According to the most recent data on the cost of living, Los Ranchos de Albuquerque has an overall cost of living index of 108, which is 1.1x higher than the national index of 100.

Compared to New Mexico, Los Ranchos de Albuquerque has a cost of living index that's 1.1x higher than New Mexico's index of 94.

The standard of living in Los Ranchos de Albuquerque ranks as #42 most affordable out of the 44 places we measured in New Mexico. By definition, that implies Los Ranchos de Albuquerque ranks as the #2 most expensive place in the Land of Enchantment.

For more reading on life in Los Ranchos de Albuquerque, check out:

42 out of 44
In New Mexico
3,954 out of 6,412
In America

Los Ranchos de Albuquerque Cost Of Living Vs. New Mexico

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

  • The Services index in Los Ranchos de Albuquerque is 84.

  • The Groceries index in Los Ranchos de Albuquerque is 95.

  • The Health index in Los Ranchos de Albuquerque is 97.

  • The Housing index in Los Ranchos de Albuquerque is 152.

  • The Transportation index in Los Ranchos de Albuquerque is 88.

  • The Utilities index in Los Ranchos de Albuquerque is 95.

Living Expense Los Ranchos de Albuquerque New Mexico National Average
Overall 108 94 100
Services 84 97 100
Groceries 95 96 100
Health 97 100 100
Housing 152 88 100
Transportation 88 96 100
Utilities 95 91 100
For more reading on cost of living around New Mexico, check out:
Los Ranchos de Albuquerque Cost of Living Vs. NM

Los Ranchos de Albuquerque, 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 Los Ranchos de Albuquerque is $445,300.

  • The Median Rent in Los Ranchos de Albuquerque is $909.

  • The Median Income in Los Ranchos de Albuquerque is $64,304.

  • The Home Value To Income in Los Ranchos de Albuquerque is 6.9x.

  • The Rent To Monthly Income in Los Ranchos de Albuquerque is 0.17x.

Statistic Los Ranchos de Albuquerque New Mexico United States
Median Home Value $445,300 $184,800 $244,900
Median Rent $909 $897 $1,163
Median Income $64,304 $54,020 $69,021
Home Value To Income 6.9x 3.4x 3.5x
Rent To Monthly Income 0.17x 0.2x 0.2x
Search Homes For Sale In Los Ranchos De Albuquerque, NM
$445,300
Median Home Value
$909
Median Rent
$64,304
Median Income

Los Ranchos de Albuquerque, NM Costs By Category

Detailed Los Ranchos de Albuquerque Services Costs Vs. New Mexico

Item Los Ranchos de Albuquerque 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 Los Ranchos de Albuquerque Groceries Costs Vs. New Mexico

Item Los Ranchos de Albuquerque 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 Los Ranchos de Albuquerque Health Costs Vs. New Mexico

Item Los Ranchos de Albuquerque New Mexico
Optometrist $118.86 $108.57
Doctor $127.67 $116.17
Dentist $86.56 $99.13

Detailed Los Ranchos de Albuquerque Transportation Costs Vs. New Mexico

Item Los Ranchos de Albuquerque New Mexico
Gasoline $1.97 $2.22
Tire Balancing $40.79 $50.07

Detailed Los Ranchos de Albuquerque Utilities Costs Vs. New Mexico

Item Los Ranchos de Albuquerque New Mexico
All Electricity $150.01 $167.67
Phone $183.97 $175.64

Los Ranchos De Albuquerque SnackAbility

7.5
/10
Overall SnackAbility
Jobs
8/10
Housing
8
Affordability
6
Diversity
9
Safety
N/A
Amenities
8
Education
9
Commute
8.5

Cost Of Living In Cities Around Los Ranchos de Albuquerque

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

  • Albuquerque, NM has a cost of living index of 98, 0.9x Los Ranchos de Albuquerque.

  • Rio Rancho, NM has a cost of living index of 94, 0.9x Los Ranchos de Albuquerque.

  • South Valley, NM has a cost of living index of 88, 0.8x Los Ranchos de Albuquerque.

City Population Cost Of Living Vs. Los Ranchos de Albuquerque
Albuquerque, NM 562,336 98 0.9x
Rio Rancho, NM 102,403 94 0.9x
South Valley, NM 36,583 88 0.8x
North Valley, NM 12,594 96 0.9x
Bernalillo, NM 9,049 85 0.8x
Corrales, NM 8,488 120 1.1x

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