Cost of Living in Peak Place, NM

With a cost of living index of 74, Peak Place, NM is one of the most affordable cities in the country. Living here is 26% cheaper than the national average and 12% below the New Mexico state average of 86. Peak Place is a small community of 483 residents.

The median household income in Peak Place is $50,417, which is 33% 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 Santa Fe, 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.