Cost of Living in Corona, NM

With a cost of living index of 80, Corona, NM is a very affordable place to live. Living here is 20% cheaper than the national average and 6% below the New Mexico state average of 86. Corona is a small community of 167 residents.

The median household income in Corona is $28,542, which is 62% 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 Albuquerque, 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.