Cost of Living in El Rito, NM
Population: 961 | New Mexico
El Rito is 5% less expensive than the national average.
Cost of Living in El Rito, NM: What You Need to Know
With a cost of living index of 95, El Rito, NM is slightly more affordable than average. Living here is 5% cheaper than the national average and 8% above the New Mexico state average of 86. El Rito is a small community of 961 residents.
The median household income in El Rito is $24,611, which is 67% lower than the national median of $75,149. 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.
Income
- Median Household Income
- $24,611
- vs US Median ($75,149)
- -67%
Housing
- Median Home Value
- $273,700