Santa Teresa, NM Cost Of Living

Demographics | Cost Of Living
Updated: 2020-03-08
Santa Teresa's Overall Cost Of Living
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 Santa Teresa is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Santa Teresa, NM?

According to the most recent data on the cost of living, Santa Teresa has an overall cost of living index of 91 which is 0.9x lower than the national index of 100.

Compared to only New Mexico, Santa Teresa has a cost of living index that's 1.0x lower than New Mexico's index of 92.

The standard of living in Santa Teresa ranks as #1887 most affordable out of the 6522 places we measured in New Mexico. By definition, that implies Santa Teresa ranks as the #4520 most expensive place in the Land of Enchantment.

For more reading on life in Santa Teresa, check out:

Santa Teresa Cost Of Living Vs. New Mexico

Living Expense Santa Teresa New Mexico National Average
Overall 91 92 100
Services 89 92 100
Groceries 102 99 100
Health 100 99 100
Housing 86 86 100
Transportation 98 97 100
Utilities 86 87 100
For more reading on cost of living around New Mexico, check out:
Santa Teresa Cost of Living Vs. NM

Santa Teresa, 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.

Median Home Value
Median Rent
Median Income
Statistic Santa Teresa New Mexico United States
Median Home Value $184,400 $166,800 $204,900
Median Rent $774 $828 $1,023
Median Income $51,711 $48,059 $60,293
Home Value To Income 3.6x 3.5x 3.4x
Rent To Monthly Income 0.18x 0.21x 0.2x

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Cost Of Living In Cities Around Santa Teresa

City Population Cost Of Living Vs. Santa Teresa
El Paso, TX 680,354 86 0.9x
Sunland Park, NM 16,602 83 0.9x
Chaparral, NM 14,793 80 0.9x
Anthony, NM 9,368 79 0.9x
Anthony, TX 5,578 81 0.9x
Canutillo, TX 5,061 79 0.9x

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