Cost of Living in Nenahnezad, NM
Population: 451 | New Mexico
Nenahnezad is 23% less expensive than the national average.
Cost of Living in Nenahnezad, NM: What You Need to Know
With a cost of living index of 77, Nenahnezad, NM is a very affordable place to live. Living here is 23% cheaper than the national average and 9% below the New Mexico state average of 86. Nenahnezad is a small community of 451 residents.
The median household income in Nenahnezad is $37,212, which is 50% 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 Farmington, 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.
Income
- Median Household Income
- $37,212
- vs US Median ($75,149)
- -50%
Housing
- Median Home Value
- $81,900
- Median Monthly Housing Cost
- $436/mo
Everyday Prices in Nenahnezad
BLS Average Prices for the Farmington, NM (Metropolitan Statistical Area) area