Cost of Living in Cedar Hill, NM
Population: 835 | New Mexico
Cedar Hill is 10% less expensive than the national average.
Cost of Living in Cedar Hill, NM: What You Need to Know
With a cost of living index of 90, Cedar Hill, NM is a very affordable place to live. Living here is 10% cheaper than the national average and 4% above the New Mexico state average of 86. Cedar Hill is a small community of 835 residents.
The median household income in Cedar Hill is $83,611, which is 11% higher than the national median of $75,149.
Everyday prices in the Farmington, 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.
Income
- Median Household Income
- $83,611
- vs US Median ($75,149)
- +11%
Housing
- Median Home Value
- $235,800
- Median Monthly Housing Cost
- $1,252/mo
Everyday Prices in Cedar Hill
BLS Average Prices for the Farmington, NM (Metropolitan Statistical Area) area