Cost of Living in Truchas, NM

With a cost of living index of 92, Truchas, NM is slightly more affordable than average. Living here is 8% cheaper than the national average and 6% above the New Mexico state average of 86. Truchas is a small community of 278 residents.

The median household income in Truchas is $39,632, which is 47% lower than the national median of $75,149. Residents spend roughly 35% 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.