The cost of living index in Belen, NM, shows that residents experience a generally lower cost of living compared to the nationwide average of 100. Specifically, housing costs are 22% below the national average, while utilities and healthcare costs are slightly above average, at 98% and 95% respectively. Groceries, transportation, and miscellaneous expenses also remain fairly close to the average, with indices of 92%, 90%, and 85% respectively.
The cost of living in Belen, NM, is generally lower than the nationwide average, which is set at 100. Housing costs in Belen are notably cheaper, with an index of 78. This means residents can expect to pay about 22% less for housing compared to the national average. Lower housing costs can significantly reduce overall living expenses, making Belen an attractive option for those looking to save on their largest monthly expense.
Belen also offers lower costs in other areas such as groceries, utilities, transportation, healthcare, and miscellaneous expenses. Groceries have an index of 92, which is 8% less than the national average. Utilities are slightly below average at 98, offering a 2% reduction. Transportation costs are at 90, which is 10% lower. Healthcare costs are at 95, showing only a 5% increase, and miscellaneous expenses have an index of 85, which is 15% lower. These factors combine to create an overall cost of living that is more affordable in Belen compared to the national average.
