Raton, NM Cost Of Living

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

Cost Of Living In Raton, NM Summary

Cost of living in Raton 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 Raton 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 Raton is 82, with 100 being the average.

  • The cost of living index in Raton is 0.8x lower than the national average.

  • Raton ranks as the #7 cheapest in New Mexico out of 44.

  • Raton ranks as the #377 cheapest out of 6,412 in the US.

  • The median home value in Raton is $100,000.

  • The median income in Raton is $34,233.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
82
Raton's Overall Cost Of Living
0.8x
Lower Than The National Average

What is the cost of living in Raton, NM?

According to the most recent data on the cost of living, Raton has an overall cost of living index of 82, which is 0.8x lower than the national index of 100.

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

The standard of living in Raton ranks as #7 most affordable out of the 44 places we measured in New Mexico. By definition, that implies Raton ranks as the #37 most expensive place in the Land of Enchantment.

For more reading on life in Raton, check out:

7 out of 44
In New Mexico
377 out of 6,412
In America

Raton Cost Of Living Vs. New Mexico

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

  • The Services index in Raton is 97.

  • The Groceries index in Raton is 101.

  • The Health index in Raton is 92.

  • The Housing index in Raton is 48.

  • The Transportation index in Raton is 104.

  • The Utilities index in Raton is 91.

Living Expense Raton New Mexico National Average
Overall 82 94 100
Services 97 97 100
Groceries 101 96 100
Health 92 100 100
Housing 48 88 100
Transportation 104 96 100
Utilities 91 91 100
For more reading on cost of living around New Mexico, check out:
Raton Cost of Living Vs. NM

Raton, 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 Raton is $100,000.

  • The Median Rent in Raton is $625.

  • The Median Income in Raton is $34,233.

  • The Home Value To Income in Raton is 2.9x.

  • The Rent To Monthly Income in Raton is 0.22x.

Statistic Raton New Mexico United States
Median Home Value $100,000 $184,800 $244,900
Median Rent $625 $897 $1,163
Median Income $34,233 $54,020 $69,021
Home Value To Income 2.9x 3.4x 3.5x
Rent To Monthly Income 0.22x 0.2x 0.2x
Search Homes For Sale In Raton, NM
$100,000
Median Home Value
$625
Median Rent
$34,233
Median Income

Raton, NM Costs By Category

Detailed Raton Services Costs Vs. New Mexico

Item Raton New Mexico
Shampoo $1.07 $1.06
Movie $10.75 $10.68
Bowling $12.11 $14.67
Haircut $16.88 $18.62
Beauty Salon $32.52 $39.05

Detailed Raton Groceries Costs Vs. New Mexico

Item Raton New Mexico
Ground Beef $4.21 $4.22
Fried Chicken $1.32 $1.39
Milk $1.79 $2.05
Potatoes $2.67 $3.29
Pizza $9.89 $10.62
Beer $9.03 $9.38
Toothpaste $2.38 $2.34

Detailed Raton Health Costs Vs. New Mexico

Item Raton New Mexico
Optometrist $90.39 $108.57
Doctor $92.06 $116.17
Dentist $100.0 $99.13

Detailed Raton Transportation Costs Vs. New Mexico

Item Raton New Mexico
Gasoline $2.38 $2.22
Tire Balancing $45.7 $50.07

Detailed Raton Utilities Costs Vs. New Mexico

Item Raton New Mexico
All Electricity $142.96 $167.67
Phone $183.91 $175.64

Raton SnackAbility

5
/10
Overall SnackAbility
Jobs
7/10
Housing
4
Affordability
6
Diversity
8.5
Safety
N/A
Amenities
7
Education
5
Commute
10

Cost Of Living In Cities Around Raton

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

  • Trinidad, CO has a cost of living index of 91, 1.1x Raton.

City Population Cost Of Living Vs. Raton
Trinidad, CO 8,318 91 1.1x

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