Cost of Living in Waterflow, NM

With a cost of living index of 93, Waterflow, NM is slightly more affordable than average. Living here is 7% cheaper than the national average and 7% above the New Mexico state average of 86. Waterflow is a small community of 1,215 residents.

Housing costs are the biggest factor in Waterflow's cost of living. The median monthly rent is $1,602 (21% above the US median of $1,319), and the median home value sits at $167,700 (45% below the national median of $304,900). At current prices, the median home costs roughly 2.8x the median household income — well within traditional affordability guidelines.

The median household income in Waterflow is $60,278, which is 20% lower than the national median of $75,149. Residents spend roughly 32% 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.

Everyday prices in the Farmington, 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.