Cost of Living in Las Maravillas, NM

With a cost of living index of 88, Las Maravillas, NM is a very affordable place to live. Living here is 12% cheaper than the national average and in line with the New Mexico state average. Las Maravillas is a small community of 1,776 residents.

The median household income in Las Maravillas is $61,200, which is 19% 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.