Cost of Living in Madrone, NM

Cost indexes, living wages, and fair market rents — 2024 Data

Cost of Living Overview

Overall Index

68.1

100 = national avg

-31.9 vs national average

Living Wage (1 Adult)

$29,978

per year

Living Wage (Family of 4)

$70,858

per year

Cost Index by Category

Housing
26.4
Food
63.9
Transportation
210.9
Healthcare
71.2
Utilities
63.6

100 = national average. Higher = more expensive.

Fair Market Rent

Source: HUD

1 Bedroom

$1,185

per month

2 Bedroom

$1,464

per month

The overall cost of living index in Madrone is 68.1, which is 31.9% below the national average. Housing costs are below the national average at an index of 26.4. A single adult needs to earn approximately $29,978 per year to cover basic expenses.