Cost of Living in Taos Pueblo, NM

With a cost of living index of 92, Taos Pueblo, NM is slightly more affordable than average. Living here is 8% cheaper than the national average and 5% above the New Mexico state average of 86. Taos Pueblo is a small community of 1,294 residents.

Housing costs are the biggest factor in Taos Pueblo'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 $315,000 (3% above the national median of $304,900). At current prices, the median home costs roughly 8.5x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Taos Pueblo is $36,979, which is 51% lower than the national median of $75,149. Residents spend roughly 36% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. 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.