Cost of Living in Sheep Springs, NM
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
66.0
100 = national avg
-34.0 vs national average
Living Wage (1 Adult)
$29,033
per year
Living Wage (Family of 4)
$68,624
per year
Cost Index by Category
Housing75.5
Food72.0
Transportation43.9
Healthcare77.6
Utilities78.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$885
per month
2 Bedroom
$1,085
per month
The overall cost of living index in Sheep Springs is 66.0, which is 34.0% below the national average. Housing costs are below the national average at an index of 75.5. A single adult needs to earn approximately $29,033 per year to cover basic expenses.