Belen, NM, boasts a cost of living index that is slightly below the nationwide average. The overall index for Belen stands at 90, indicating a 10% decrease from the baseline of 100. This makes it more affordable for residents in terms of housing, utilities, transportation, and miscellaneous expenses. Each category contributes to this overall trend. For instance, housing costs are 13% lower, while groceries remain at par with the average at 95. Utilities and healthcare each show a modest 8% reduction. Transportation costs are about 10% cheaper, and miscellaneous expenses are down by 15%. These figures present an appealing option for job seekers looking to balance cost with quality of life.
Belen, New Mexico, offers a cost of living that is relatively lower than the nationwide average. Housing, one of the largest expenses for most people, costs 87% of the average price in Belen. This means residents can find housing that is 13% cheaper than the national average. In terms of groceries, Belen residents spend 95% of what the average American spends, which is slightly below the national average. Utilities, including electricity, gas, and water, cost 92% of the nationwide average, showing a minor increase in cost.
Transportation costs in Belen are at 90% of the national average. This means residents can expect to spend about the same amount on transportation as the average American. Healthcare costs, another critical expense, also align closely with the national average at 90%. Lastly, miscellaneous expenses, which include items like clothing and entertainment, are slightly lower in Belen, coming in at 85% of the national average. Overall, these figures indicate that living in Belen can be more affordable in several key areas compared to the national average.
