Cost of Living in Madrid, NM
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
155.7
100 = national avg
+55.7 vs national average
Living Wage (1 Adult)
$68,526
per year
Living Wage (Family of 4)
$161,971
per year
Cost Index by Category
Housing166.0
Utilities119.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,390
per month
2 Bedroom
$1,685
per month
The overall cost of living index in Madrid is 155.7, which is 55.7% above the national average. Housing costs are above the national average at an index of 166.0. A single adult needs to earn approximately $68,526 per year to cover basic expenses.