Cost of Living in Lobo Canyon, NM
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
113.1
100 = national avg
+13.1 vs national average
Living Wage (1 Adult)
$49,742
per year
Living Wage (Family of 4)
$117,573
per year
Cost Index by Category
Housing92.0
Food118.0
Transportation136.0
Healthcare114.4
Utilities109.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$823
per month
2 Bedroom
$993
per month
The overall cost of living index in Lobo Canyon is 113.1, which is 13.1% above the national average. Housing costs are below the national average at an index of 92.0. A single adult needs to earn approximately $49,742 per year to cover basic expenses.