Cost of Living in Mimbres, NM

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

Cost of Living Overview

Overall Index

108.2

100 = national avg

+8.2 vs national average

Living Wage (1 Adult)

$47,616

per year

Living Wage (Family of 4)

$112,547

per year

Cost Index by Category

Housing
89.9
Food
109.0
Transportation
144.3
Healthcare
107.2
Utilities
103.4

100 = national average. Higher = more expensive.

Fair Market Rent

Source: HUD

1 Bedroom

$801

per month

2 Bedroom

$1,048

per month

The overall cost of living index in Mimbres is 108.2, which is 8.2% above the national average. Housing costs are below the national average at an index of 89.9. A single adult needs to earn approximately $47,616 per year to cover basic expenses.