Cost of Living in Atoka, NM

With a cost of living index of 76, Atoka, NM is a very affordable place to live. Living here is 24% cheaper than the national average and 10% below the New Mexico state average of 86. Atoka is a small community of 1,038 residents.

Housing costs are the biggest factor in Atoka's cost of living. The median monthly rent is $1,136 (14% below the US median of $1,319), and the median home value sits at $119,100 (61% below the national median of $304,900). At current prices, the median home costs roughly 1.7x the median household income — well within traditional affordability guidelines.

The median household income in Atoka is $69,959, which is 7% lower than the national median of $75,149. Residents spend roughly 19% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. 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.