Nambe, NM Cost of Living


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Nambe cost of living score
112
More expensive
12.0% higher
than the US average
26.7% higher
than the New Mexico average
Nambe, New Mexico gets a BestPlaces Cost of Living score of 112, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 12.0% higher than the U.S. average and 26.7% higher than the average for New Mexico.

Nambe, NM

Housing costs in Nambe?
A typical home costs $250,100, which is 26.0% less expensive than the national average of $338,100 and 6.4% less expensive than the average New Mexico home, at $267,100. Renting a two-bedroom unit in Nambe costs $1,130 per month, which is 21.0% cheaper than the national average of $1,430 and 9.7% more than the state average of $1,020.

Can I afford Nambe?
To live comfortably in Nambe, New Mexico, a minimum annual income of $47,880 for a family, and $39,200 for a single person is recommended.

What does A.I. say about Nambe?
The cost of living in Nambe, NM is relatively low compared to nearby cities. The median home value is estimated to be around $97,000, which is approximately 40% lower than the state's average. Additionally, utility costs such as electricity and gas are also below the national average. Groceries, on the other hand, are slightly higher than the national average due to a lack of competition among grocery stores in the area. Although taxes are higher than other parts of New Mexico, overall Nambe remains one of the more affordable places to live in comparison with other towns in the region.
   Cost of living score
     CategoriesNambeNew MexicoUnited States
  112.088.4100.0
  107.793.3100
  82.282.6100.0
  133.084.3100.0
  $250,100$267,100$338,100
  100.7%100.4%100.0%
  96.084.6100.0
  107.485.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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