Cost of Living in Encantado, NM

With a cost of living index of 142, Encantado, NM is one of the most expensive cities in the United States. Living here is 42% more expensive than the national average and 56% above the New Mexico state average of 86. Encantado is a small community of 140 residents.

The median household income in Encantado is $196,058, which is 161% higher than the national median of $75,149. While incomes are above average, they more than offset the higher cost of living.

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.