Cost of Living in Tesuque, NM

With a cost of living index of 138, Tesuque, NM is a notably expensive place to live. Living here is 38% more expensive than the national average and 52% above the New Mexico state average of 86. Tesuque is a small community of 1,087 residents.

Housing costs are the biggest factor in Tesuque's cost of living. The median monthly rent is $1,095 (17% below the US median of $1,319), and the median home value sits at $877,600 (188% above the national median of $304,900). At current prices, the median home costs roughly 16.8x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Tesuque is $52,273, which is 30% lower than the national median of $75,149. Residents spend roughly 25% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

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.