Cost of Living in Ojo Amarillo, NM

With a cost of living index of 79, Ojo Amarillo, NM is a very affordable place to live. Living here is 21% cheaper than the national average and 7% below the New Mexico state average of 86. Ojo Amarillo is a small community of 380 residents.

The median household income in Ojo Amarillo is $21,488, which is 71% lower than the national median of $75,149. Residents spend roughly 44% of household income on rent. This is well above the 30% affordability threshold, indicating a significant housing cost burden for many residents. 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.