Texico, NM Cost of Living


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Texico cost of living score
74.7
Less expensive
25.3% lower
than the US average
15.5% lower
than the New Mexico average
Texico, New Mexico gets a BestPlaces Cost of Living score of 74.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 25.3% lower than the U.S. average and 15.5% higher than the average for New Mexico.

Texico, NM

Housing costs in Texico?
A typical home costs $129,200, which is 61.8% less expensive than the national average of $338,100 and 51.6% less expensive than the average New Mexico home, at $267,100. Renting a two-bedroom unit in Texico costs $910 per month, which is 36.4% cheaper than the national average of $1,430 and 12.1% cheaper than the state average of $1,020.

Can I afford Texico?
To live comfortably in Texico, New Mexico, a minimum annual income of $24,840 for a family, and $28,800 for a single person is recommended.

What does A.I. say about Texico?
The cost of living in Texico, NM is relatively low compared to other parts of the country. In general, groceries and everyday items are cheaper than average prices in the US. Housing costs are also more affordable than in other areas, with the median home price coming in at around $80,000. Utilities such as electricity and water are both reasonably priced too. All-in-all, Texico is a great place to live for those looking for a budget friendly location.
   Cost of living score
     CategoriesTexicoNew MexicoUnited States
  74.788.4100.0
  90.693.3100
  85.182.6100.0
  45.184.3100.0
  $129,200$267,100$338,100
  87.8%100.4%100.0%
  63.784.6100.0
  83.885.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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