Cost of Living in Velarde, NM
Population: 248 | New Mexico
Velarde is 3% less expensive than the national average.
Cost of Living in Velarde, NM: What You Need to Know
With a cost of living index of 97, Velarde, NM is slightly more affordable than average. Living here is 3% cheaper than the national average and 11% above the New Mexico state average of 86. Velarde is a small community of 248 residents.
The median household income in Velarde is $63,707, which is 15% lower than the national median of $75,149.
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.
Income
- Median Household Income
- $63,707
- vs US Median ($75,149)
- -15%