Rio Rancho, NM Cost Of Living

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Updated: 2020-03-08
95
Rio Rancho's Overall Cost Of Living
0.9x
Lower Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Rio Rancho is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Rio Rancho, NM?

According to the most recent data on the cost of living, Rio Rancho has an overall cost of living index of 95 which is 0.9x lower than the national index of 100.

Compared to only New Mexico, Rio Rancho has a cost of living index that's 1.0x higher than New Mexico's index of 92.

The standard of living in Rio Rancho ranks as #2510 most affordable out of the 6522 places we measured in New Mexico. By definition, that implies Rio Rancho ranks as the #3897 most expensive place in the Land of Enchantment.

Rio Rancho Cost Of Living Vs. New Mexico

Living Expense Rio Rancho New Mexico National Average
Overall 95 92 100
Services 90 92 100
Groceries 96 99 100
Health 100 99 100
Housing 101 86 100
Transportation 89 97 100
Utilities 95 87 100
For more reading on cost of living around New Mexico, check out:
Rio Rancho Cost of Living Vs. NM

Rio Rancho, NM Housing Cost Breakdown

Housing swings affordability the most between places in New Mexico, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$184,600
Median Home Value
$1,106
Median Rent
$63,014
Median Income
Statistic Rio Rancho New Mexico United States
Median Home Value $184,600 $166,800 $204,900
Median Rent $1,106 $828 $1,023
Median Income $63,014 $48,059 $60,293
Home Value To Income 2.9x 3.5x 3.4x
Rent To Monthly Income 0.21x 0.21x 0.2x

Rio Rancho SnackAbility

8
/10
Overall SnackAbility
Jobs
7/10
Housing
8
Affordability
7
Diversity
9
Safety
7
Amenities
8
Education
8.5
Commute
5

Cost Of Living In Cities Around Rio Rancho

City Population Cost Of Living Vs. Rio Rancho
Albuquerque, NM 559,202 95 1.0x
South Valley, NM 41,011 89 0.9x
North Valley, NM 12,242 96 1.0x
Bernalillo, NM 9,315 88 0.9x
Corrales, NM 8,544 122 1.3x
Los Ranchos de Albuquerque, NM 6,131 111 1.2x
Paradise Hills, NM 5,079 96 1.0x

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