Cost of Living in Peak Place, NM
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
60.2
100 = national avg
-39.8 vs national average
Living Wage (1 Adult)
$26,486
per year
Living Wage (Family of 4)
$62,604
per year
Cost Index by Category
Housing20.0
Food88.5
Transportation77.1
Healthcare90.8
Utilities77.1
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 Peak Place is 60.2, which is 39.8% below the national average. Housing costs are below the national average at an index of 20.0. A single adult needs to earn approximately $26,486 per year to cover basic expenses.