Cost of Living in Las Palomas, NM
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
59.9
100 = national avg
-40.1 vs national average
Living Wage (1 Adult)
$26,358
per year
Living Wage (Family of 4)
$62,300
per year
Cost Index by Category
Housing52.5
Utilities85.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$765
per month
2 Bedroom
$1,004
per month
The overall cost of living index in Las Palomas is 59.9, which is 40.1% below the national average. Housing costs are below the national average at an index of 52.5. A single adult needs to earn approximately $26,358 per year to cover basic expenses.