Cost of Living in Fairacres, NM
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
101.7
100 = national avg
+1.7 vs national average
Living Wage (1 Adult)
$44,731
per year
Living Wage (Family of 4)
$105,727
per year
Cost Index by Category
Housing111.3
Transportation77.9
Utilities103.4
100 = national average. Higher = more expensive.
The overall cost of living index in Fairacres is 101.7, which is 1.7% above the national average. Housing costs are above the national average at an index of 111.3. A single adult needs to earn approximately $44,731 per year to cover basic expenses.