Cost of Living in Magdalena, NM
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
69.0
100 = national avg
-31.0 vs national average
Living Wage (1 Adult)
$30,350
per year
Living Wage (Family of 4)
$71,737
per year
Cost Index by Category
Housing52.8
Transportation95.5
Utilities85.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$888
per month
2 Bedroom
$973
per month
The overall cost of living index in Magdalena is 69.0, which is 31.0% below the national average. Housing costs are below the national average at an index of 52.8. A single adult needs to earn approximately $30,350 per year to cover basic expenses.