Cost Of Living in Tatum, NM

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	Tatum	New Mexico	National
Cost of living	83	93	100
Goods & Services	97	97	100
Groceries	97	97	100
Health care	91	97	100
Housing	55	86	100
Transportation	91	95	100
Utilities	90	90	100

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Cost Of Living Quick Facts

The cost of living in Tatum is 11% lower than the New Mexico average
The cost of living in Tatum is 17% lower than the national average
Tatum housing is 45% 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

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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	$70,807	$5,901	$1,652	$2,124
Renters	$0	$0	$0	$0

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	Tatum	National avg.	Difference
Haircut	$31.33	$24.26	29.1%
Beauty Salon	$55.26	$45.56	21.3%
Toothpaste	$3.68	$3.70	0.6%
Shampoo	$1.28	$1.28	0.3%
Movie	$12.18	$12.13	0.4%
Bowling	$22.25	$18.00	23.6%

Groceries

Item	Tatum	National avg.	Difference
Ground Beef	$5.58	$5.84	4.4%
Fried Chicken	$1.67	$1.57	6.2%
Milk	$4.55	$4.67	2.5%
Potatoes	$4.87	$4.93	1.3%
Pizza	$13.76	$12.09	13.8%
Beer	$10.37	$10.41	0.4%

Health Care

Item	Tatum	National avg.	Difference
Optometrist	$129.03	$125.68	2.7%
Doctor	$113.33	$135.78	16.5%
Dentist	$109.67	$113.29	3.2%
Ibuprofen	$10.27	$10.65	3.6%
Lipitor	$497.63	$468.60	6.2%

Housing

Item	Tatum	National avg.	Difference
Home Price	$80,900.00	$184,700.00	56.2%
Avg. Mortgage Payment	$1,909.05	$2,346.69	18.6%
Apartment Rent	$771.00	$949.00	18.8%

Transportation

Item	Tatum	National avg.	Difference
Gasoline	$3.26	$3.46	5.9%
Tire Balancing	$55.19	$59.92	7.9%

Utilities

Item	Tatum	National avg.	Difference
All Electricity	$189.14	$193.99	2.5%
Phone	$207.58	$192.25	8.0%

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.
Tatum, NM	773	83	17.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
St. Lucie Village, FL	773	117	17.4%
Reynolds, GA	773	81	18.8%
Bluffs, IL	773	80	19.8%
Ogden, IL	773	91	8.8%
Claremont, MN	773	84	15.7%
Tatum, NM	773	83	17.1%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Tatum, NM