Cost of Living in Lake Valley, NM
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
126.4
100 = national avg
+26.4 vs national average
Living Wage (1 Adult)
$55,605
per year
Living Wage (Family of 4)
$131,430
per year
Cost Index by Category
Housing123.8
Food111.7
Transportation171.0
Healthcare109.4
Utilities111.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$885
per month
2 Bedroom
$1,085
per month
The overall cost of living index in Lake Valley is 126.4, which is 26.4% above the national average. Housing costs are above the national average at an index of 123.8. A single adult needs to earn approximately $55,605 per year to cover basic expenses.