Bernalillo, NM, has a cost of living index that is slightly below the nationwide average. The overall cost of living index for Bernalillo stands at 93, which is 7% lower than the national average of 100. This means that the expenses for housing, groceries, utilities, transportation, healthcare, and miscellaneous items are generally more affordable in Bernalillo compared to the national average. Job seekers considering a move to Bernalillo can expect a more budget-friendly living experience.
The cost of living in Bernalillo, NM, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Bernalillo stand at 88, indicating that residents spend 12% less than the average American on housing. This lower housing index can be a significant advantage for those relocating to Bernalillo, as it provides a more affordable living environment.
Additionally, the grocery cost index in Bernalillo is 94, which is 6% below the national average. This means that everyday food expenses are slightly cheaper than the average cost across the country. Utilities in Bernalillo are priced at 97, just 3% above the national average, making them relatively affordable. Transportation costs are at 92, which is 8% lower than the nationwide average, offering savings for those who rely on personal vehicles. Healthcare costs are slightly higher, at 98, indicating a 2% increase over the national average. Miscellaneous expenses in Bernalillo are at 90, which is 10% below the national average, providing further savings in various other areas. Overall, Bernalillo offers a cost of living that is competitive with, and in some cases lower than, the national average.