Cost of Living in Rio Lucio, NM

With a cost of living index of 81, Rio Lucio, NM is a very affordable place to live. Living here is 19% cheaper than the national average and 5% below the New Mexico state average of 86. Rio Lucio is a small community of 625 residents.

Housing costs are the biggest factor in Rio Lucio's cost of living. The median monthly rent is $1,107 (16% below the US median of $1,319), and the median home value sits at $184,200 (40% below the national median of $304,900). At current prices, the median home costs roughly 4.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Rio Lucio is $43,750, which is 42% lower than the national median of $75,149. Residents spend roughly 30% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. 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.