Belen, NM, boasts a cost of living index that is notably lower than the nationwide average. Specifically, the index stands at 86, which means living expenses in Belen are 14% below the national benchmark. This lower cost of living extends across several key areas, with housing being the most significant, at 75% of the national average. This advantageous positioning makes Belen an attractive option for those looking to reduce their living costs while maintaining a decent quality of life.
Belen, NM, stands out with a lower cost of living compared to the nationwide average. The cost of living index for the city is set at 85, which is 15% lower than the national benchmark of 100. This difference largely stems from the housing sector, which has an index of 75. This means that housing costs in Belen are 25% less than the national average, offering significant savings for residents.
Additionally, other categories show Belen's affordability. Groceries, utilities, transportation, healthcare, and miscellaneous costs all fall close to or below the national average. Groceries have an index of 95, just 5% above the national average. Utilities stand at 90, 10% below the average. Transportation is at 80, 20% lower, and healthcare is at 85, 5% below. Miscellaneous costs are at 88, 2% below the national average. This pattern highlights Belen’s overall affordability, making it an attractive option for those seeking a lower cost of living.
