Cost of Living in El Cerro, NM
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
140.5
100 = national avg
+40.5 vs national average
Living Wage (1 Adult)
$61,814
per year
Living Wage (Family of 4)
$146,106
per year
Cost Index by Category
Housing123.5
Food135.7
Transportation171.5
Healthcare128.6
Utilities126.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,185
per month
2 Bedroom
$1,464
per month
The overall cost of living index in El Cerro is 140.5, which is 40.5% above the national average. Housing costs are above the national average at an index of 123.5. A single adult needs to earn approximately $61,814 per year to cover basic expenses.