Taos Metro Area, NM Cost of Living


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How much do I need to live in Taos, New Mexico?
$6,060 / month
for a family, 12.2% more expensive than the national average A total of $72,720 for the year for a family.
$2,700 / month
for a single person, 43.4% less expensive than the national average A total of $32,400 for the year for a single person.

Taos cost of living score
96.3
Less expensive
3.7% lower
than the US average
8.9% higher
than the New Mexico average
Taos New Mex Metro Area, New Mexico gets a BestPlaces Cost of Living score of 96.3, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 3.7% lower than the U.S. average and 8.9% lower than the average for New Mexico.

Taos Metro Area, NM

Housing costs in Taos?
A typical home costs $378,800, which is 12.0% more expensive than the national average of $338,100 and 41.8% more expensive than the average New Mexico home, at $267,100. Renting a two-bedroom unit in Taos costs $940 per month, which is 34.3% cheaper than the national average of $1,430 and 8.5% more than the state average of $1,020.

Can I afford Taos?
To live comfortably in Taos New Mex Metro Area, New Mexico, a minimum annual income of $72,720 for a family, and $32,400 for a single person is recommended.

What does A.I. say about Taos?
The cost of living in Taos, NM Metro Area is lower than the US average. The cost of living index for this area is 96.3 which is significantly lower than the national average of 100. This makes it easier for people to live comfortably in this area without having to worry about excessively high costs. In addition to the lower cost of living, the median house value in this area is $378,800 which is also lower than the US average of $338,100 making it an attractive place to live.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesTaosNew MexicoUnited States
    Unlock88.4100.0
  97.4  Unlock100.0
    Unlock82.6100.0
  114.3  Unlock100.0
    Unlock$267,100$338,100
  103.4  Unlock100.0
    Unlock84.6100.0
  97.3  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime

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