Cost of Living in Ventura, NM

With a cost of living index of 62, Ventura, NM is one of the most affordable cities in the country. Living here is 38% cheaper than the national average and 24% below the New Mexico state average of 86. Ventura is a small community of 826 residents.

Housing costs are the biggest factor in Ventura's cost of living. The median monthly rent is $772 (41% below the US median of $1,319), and the median home value sits at $77,900 (74% below the national median of $304,900). At current prices, the median home costs roughly 3.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Ventura is $24,342, which is 68% lower than the national median of $75,149. Residents spend roughly 38% 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.