Cost of Living in Hagerman, NM
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
85.2
100 = national avg
-14.8 vs national average
Living Wage (1 Adult)
$37,466
per year
Living Wage (Family of 4)
$88,556
per year
Cost Index by Category
Housing53.7
Food102.5
Transportation105.1
Healthcare102.0
Utilities92.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$887
per month
2 Bedroom
$1,071
per month
The overall cost of living index in Hagerman is 85.2, which is 14.8% below the national average. Housing costs are below the national average at an index of 53.7. A single adult needs to earn approximately $37,466 per year to cover basic expenses.