Cost of Living in Hernandez, NM
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
65.3
100 = national avg
-34.7 vs national average
Living Wage (1 Adult)
$28,727
per year
Living Wage (Family of 4)
$67,900
per year
Cost Index by Category
Housing81.9
Food68.5
Transportation37.1
Healthcare74.8
Utilities77.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$742
per month
2 Bedroom
$973
per month
The overall cost of living index in Hernandez is 65.3, which is 34.7% below the national average. Housing costs are below the national average at an index of 81.9. A single adult needs to earn approximately $28,727 per year to cover basic expenses.