A+
12%
Overall NAT. AVG.
0%
Goods & Services NAT. AVG.
37%
Housing NAT. AVG.
Search Homes for Sale
Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index El Cerro Mission New Mexico National
Cost of living8893100
Goods & Services10097100
Groceries9797100
Health care9697100
Housing6386100
Transportation9395100
Utilities9990100
New Real Estate Listings in El Cerro Mission Area
Search Homes for Sale in El Cerro Mission, NM

Cost Of Living Quick Facts

  • The cost of living in El Cerro Mission is 6% lower than the New Mexico average
  • The cost of living in El Cerro Mission is 12% lower than the national average
  • El Cerro Mission housing is 37% lower than the national average
  • New Mexico general sales tax is 2% lower than the national average
  • New Mexico state income tax is 35% lower than the national average

Most Affordable Places to Live in and Around El Cerro Mission

See all the best places to live around El Cerro Mission

Compare El Cerro Mission, NM Cost of Living

      vs
      How would you rate the cost of living in El Cerro Mission?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in El Cerro Mission?
      Write a review to give others more information about this area.
      See all El Cerro Mission poll results

      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$32,009$2,667$747$960
      Renters$0$0$0$0
      A good indicator of the general affordability of housing in El Cerro Mission, NM, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In El Cerro Mission, the median monthly income is $32,009 for those who own their own homes. Under the standard rule, that income level would allow for $747 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $0, per the median income in the area. That would allow for renters to spend up to $0 on monthly rental expenses.

      New Mexico Sales Tax

      State General Sales Tax With Max Surtax
      New Mexico 5% 8.688%

      New Mexico Income Tax

      State Income Tax (Low) Income Tax (High)
      New Mexico 1.7% 5.9%

      Goods & Services

      Item El Cerro Mission National avg. Difference
      Haircut $31.90$24.2631.5%
      Beauty Salon $50.83$45.5611.6%
      Toothpaste $3.62$3.702.3%
      Shampoo $1.15$1.2810.5%
      Movie $12.54$12.133.3%
      Bowling $20.89$18.0016.1%

      Groceries

      Item El Cerro Mission National avg. Difference
      Ground Beef $5.11$5.8412.5%
      Fried Chicken $1.32$1.5716.1%
      Milk $4.63$4.671.0%
      Potatoes $4.18$4.9315.3%
      Pizza $13.42$12.0911.0%
      Beer $11.07$10.416.4%

      Health Care

      Item El Cerro Mission National avg. Difference
      Optometrist $136.89$125.688.9%
      Doctor $134.17$135.781.2%
      Dentist $111.42$113.291.7%
      Ibuprofen $10.43$10.652.1%
      Lipitor $380.06$468.6018.9%

      Housing

      Item El Cerro Mission National avg. Difference
      Home Price $69,700.00$184,700.0062.3%
      Avg. Mortgage Payment $1,905.97$2,346.6918.8%
      Apartment Rent $1,166.00$949.0022.9%

      Transportation

      Item El Cerro Mission National avg. Difference
      Gasoline $3.50$3.461.1%
      Tire Balancing $43.87$59.9226.8%

      Utilities

      Item El Cerro Mission National avg. Difference
      All Electricity $191.24$193.991.4%
      Phone $190.51$192.250.9%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Chical, NM205982.1%
      Adelino, NM1,110982.1%
      Pajarito Mesa, NM3107624.3%
      Isleta Village Proper, NM4898317.2%
      Meadow Lake, NM4,2668316.6%
      El Cerro Mission, NM4,8088812.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Inverness, Subd. B, NS4,808n/a 
      Southern Gulf Islands, BC4,806n/a 
      Prairie Heights, WA4,81013130.8%
      Mount Plymouth, FL4,8121043.5%
      Hawaiian Ocean View, HI4,80313029.5%
      El Cerro Mission, NM4,8088812.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.