Ruidoso, NM Cost Of Living

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

Cost Of Living In Ruidoso, NM Summary

Cost of living in Ruidoso 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 Ruidoso 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 Ruidoso is 93, with 100 being the average.

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

  • Ruidoso ranks as the #31 cheapest in New Mexico out of 44.

  • Ruidoso ranks as the #2,137 cheapest out of 6,412 in the US.

  • The median home value in Ruidoso is $190,600.

  • The median income in Ruidoso is $45,414.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
93
Ruidoso's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Ruidoso, NM?

According to the most recent data on the cost of living, Ruidoso has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.

Compared to New Mexico, Ruidoso has a cost of living index that's 1.0x lower than New Mexico's index of 94.

The standard of living in Ruidoso ranks as #31 most affordable out of the 44 places we measured in New Mexico. By definition, that implies Ruidoso ranks as the #13 most expensive place in the Land of Enchantment.

For more reading on life in Ruidoso, check out:

31 out of 44
In New Mexico
2,137 out of 6,412
In America

Ruidoso Cost Of Living Vs. New Mexico

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

  • The Services index in Ruidoso is 88.

  • The Groceries index in Ruidoso is 96.

  • The Health index in Ruidoso is 97.

  • The Housing index in Ruidoso is 92.

  • The Transportation index in Ruidoso is 96.

  • The Utilities index in Ruidoso is 84.

Living Expense Ruidoso New Mexico National Average
Overall 93 94 100
Services 88 97 100
Groceries 96 96 100
Health 97 100 100
Housing 92 88 100
Transportation 96 96 100
Utilities 84 91 100
For more reading on cost of living around New Mexico, check out:
Ruidoso Cost of Living Vs. NM

Ruidoso, 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 Ruidoso is $190,600.

  • The Median Rent in Ruidoso is $828.

  • The Median Income in Ruidoso is $45,414.

  • The Home Value To Income in Ruidoso is 4.2x.

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

Statistic Ruidoso New Mexico United States
Median Home Value $190,600 $184,800 $244,900
Median Rent $828 $897 $1,163
Median Income $45,414 $54,020 $69,021
Home Value To Income 4.2x 3.4x 3.5x
Rent To Monthly Income 0.22x 0.2x 0.2x
Search Homes For Sale In Ruidoso, NM
$190,600
Median Home Value
$828
Median Rent
$45,414
Median Income

Ruidoso, NM Costs By Category

Detailed Ruidoso Services Costs Vs. New Mexico

Item Ruidoso New Mexico
Shampoo $0.96 $1.06
Movie $10.74 $10.68
Bowling $12.38 $14.67
Haircut $19.3 $18.62
Beauty Salon $34.66 $39.05

Detailed Ruidoso Groceries Costs Vs. New Mexico

Item Ruidoso New Mexico
Ground Beef $4.98 $4.22
Fried Chicken $1.17 $1.39
Milk $2.16 $2.05
Potatoes $3.46 $3.29
Pizza $10.01 $10.62
Beer $8.13 $9.38
Toothpaste $2.33 $2.34

Detailed Ruidoso Health Costs Vs. New Mexico

Item Ruidoso New Mexico
Optometrist $107.2 $108.57
Doctor $106.77 $116.17
Dentist $99.67 $99.13

Detailed Ruidoso Transportation Costs Vs. New Mexico

Item Ruidoso New Mexico
Gasoline $2.11 $2.22
Tire Balancing $47.87 $50.07

Detailed Ruidoso Utilities Costs Vs. New Mexico

Item Ruidoso New Mexico
All Electricity $116.23 $167.67
Phone $184.9 $175.64

Ruidoso SnackAbility

6
/10
Overall SnackAbility
Jobs
5/10
Housing
7
Affordability
6
Diversity
8.5
Safety
N/A
Amenities
6
Education
8
Commute
10

Cost Of Living In Cities Around Ruidoso

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

  • Alamogordo, NM has a cost of living index of 85, 0.9x Ruidoso.

City Population Cost Of Living Vs. Ruidoso
Alamogordo, NM 31,201 85 0.9x

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