Regina, NM Cost of Living


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Regina cost of living score
94.9
Less expensive
5.1% lower
than the US average
7.4% higher
than the New Mexico average
Regina, New Mexico gets a BestPlaces Cost of Living score of 94.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 5.1% lower than the U.S. average and 7.4% lower than the average for New Mexico.

Regina, NM

Housing costs in Regina?
A typical home costs $218,500, which is 35.4% less expensive than the national average of $338,100 and 18.2% less expensive than the average New Mexico home, at $267,100. Renting a two-bedroom unit in Regina costs $1,370 per month, which is 4.2% cheaper than the national average of $1,430 and 25.5% more than the state average of $1,020.

Can I afford Regina?
To live comfortably in Regina, New Mexico, a minimum annual income of $41,760 for a family, and $45,200 for a single person is recommended.

What does A.I. say about Regina?
Regina, NM offers a relatively low cost of living compared to many other cities in the United States. Renting an apartment or house in Regina can be done at very reasonable prices. The median rent for a studio apartment is around $620, while a three-bedroom house averages just over $1,000 per month. This makes it easy for people with limited budgets and lower incomes to find affordable housing. Groceries and basic necessities are also reasonably priced in Regina, making it easier to make ends meet. Additionally, the local area has several amenities such as restaurants, shopping centers, and entertainment venues that add to the appeal of living in this small town.
   Cost of living score
     CategoriesReginaNew MexicoUnited States
  94.988.4100.0
  99.193.3100
  80.182.6100.0
  87.484.3100.0
  $218,500$267,100$338,100
  99.8%100.4%100.0%
  98.884.6100.0
  106.085.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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