Ranchos de Taos, NM Cost of Living


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Ranchos de Taos cost of living score
96
Less expensive
4.0% lower
than the US average
8.6% higher
than the New Mexico average
Ranchos de Taos, New Mexico gets a BestPlaces Cost of Living score of 96, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 4.0% lower than the U.S. average and 8.6% lower than the average for New Mexico.

Ranchos de Taos, NM

Housing costs in Ranchos de Taos?
A typical home costs $347,000, which is 2.6% more expensive than the national average of $338,100 and 29.9% more expensive than the average New Mexico home, at $267,100. Renting a two-bedroom unit in Ranchos de Taos costs $950 per month, which is 33.6% cheaper than the national average of $1,430 and 7.4% cheaper than the state average of $1,020.

Can I afford Ranchos de Taos?
To live comfortably in Ranchos de Taos, New Mexico, a minimum annual income of $66,600 for a family, and $32,800 for a single person is recommended.

What does A.I. say about Ranchos de Taos?
The cost of living in Ranchos de Taos, NM is slightly higher than the national average. Goods and services are more expensive here due to its location in the mountains and its distance from larger cities. Housing prices can be steep, though some more affordable options may be found just outside of town. However, taxes and utility costs are fairly low, making Ranchos de Taos an attractive option for those looking to move to a smaller community with a unique culture and way of life.
   Cost of living score
     CategoriesRanchos de TaosNew MexicoUnited States
  96.088.4100.0
  99.793.3100
  84.582.6100.0
  96.884.3100.0
  $347,000$267,100$338,100
  105.7%100.4%100.0%
  73.984.6100.0
  97.485.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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