Cost of Living in Red River, 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)
$47,627
per year
Living Wage (Family of 4)
$112,574
per year
Cost Index by Category
Housing144.6
Transportation20.0
Utilities113.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,072
per month
2 Bedroom
$1,279
per month
The overall cost of living index in Red River is 108.2, which is 8.2% above the national average. Housing costs are above the national average at an index of 144.6. A single adult needs to earn approximately $47,627 per year to cover basic expenses.