Cost of Living in Cedar Grove, NM

With a cost of living index of 89, Cedar Grove, NM is a very affordable place to live. Living here is 11% cheaper than the national average and in line with the New Mexico state average. Cedar Grove is a small community of 849 residents.

The median household income in Cedar Grove is $63,070, which is 16% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Everyday prices in the Santa Fe, NM (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.