Cost of Living in Melrose, NM
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
59.1
100 = national avg
-40.9 vs national average
Living Wage (1 Adult)
$26,017
per year
Living Wage (Family of 4)
$61,495
per year
Cost Index by Category
Housing48.5
Food75.5
Transportation51.0
Healthcare80.4
Utilities75.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$892
per month
2 Bedroom
$1,098
per month
The overall cost of living index in Melrose is 59.1, which is 40.9% below the national average. Housing costs are below the national average at an index of 48.5. A single adult needs to earn approximately $26,017 per year to cover basic expenses.