Cost of Living in Midway, NM
Population: 571 | New Mexico
Midway is 13% less expensive than the national average.
Cost of Living in Midway, NM: What You Need to Know
With a cost of living index of 87, Midway, NM is a very affordable place to live. Living here is 13% cheaper than the national average and in line with the New Mexico state average. Midway is a small community of 571 residents.
The median household income in Midway is $37,955, which is 49% 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
- $37,955
- vs US Median ($75,149)
- -49%
Housing
- Median Home Value
- $176,400
- Median Monthly Housing Cost
- $511/mo