Cost of Living in Encantado, NM
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
297.9
100 = national avg
+197.9 vs national average
Living Wage (1 Adult)
$131,066
per year
Living Wage (Family of 4)
$309,793
per year
Cost Index by Category
Housing400.0
Food199.9
Transportation299.7
Healthcare179.9
Utilities200.0
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 Encantado is 297.9, which is 197.9% above the national average. Housing costs are above the national average at an index of 400.0. A single adult needs to earn approximately $131,066 per year to cover basic expenses.