Cost of Living in El Rancho, NM
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
116.0
100 = national avg
+16.0 vs national average
Living Wage (1 Adult)
$51,057
per year
Living Wage (Family of 4)
$120,680
per year
Cost Index by Category
Housing119.1
Food110.1
Transportation120.1
Healthcare108.1
Utilities109.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,390
per month
2 Bedroom
$1,685
per month
The overall cost of living index in El Rancho is 116.0, which is 16.0% above the national average. Housing costs are above the national average at an index of 119.1. A single adult needs to earn approximately $51,057 per year to cover basic expenses.