Cost of Living in Alcalde, NM

With a cost of living index of 93, Alcalde, NM is slightly more affordable than average. Living here is 7% cheaper than the national average and 7% above the New Mexico state average of 86. Alcalde is a small community of 237 residents.

Housing costs are the biggest factor in Alcalde's cost of living. The median monthly rent is $1,375 (4% above the US median of $1,319), and the median home value sits at $231,300 (24% below the national median of $304,900). At current prices, the median home costs roughly 5.1x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Alcalde is $45,781, which is 39% lower than the national median of $75,149. Residents spend roughly 36% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.