Cost of Living in Ohkay Owingeh, NM

With a cost of living index of 209, Ohkay Owingeh, NM is one of the most expensive cities in the United States. Living here is 109% more expensive than the national average and 123% above the New Mexico state average of 86. Ohkay Owingeh is a small community of 1,178 residents.

Housing costs are the biggest factor in Ohkay Owingeh's cost of living. The median monthly rent is $421 (68% below the US median of $1,319), and the median home value sits at $2,000,001 (556% above the national median of $304,900). At current prices, the median home costs roughly 30.7x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Ohkay Owingeh is $65,179, which is 13% lower than the national median of $75,149. Residents spend roughly 8% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

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.