Bernalillo, NM, has a cost of living index that is below the nationwide average of 100. Specifically, the overall cost of living in Bernalillo is 93, which means it is 7% lower than the national average. This index reflects the combined costs of housing, groceries, utilities, transportation, healthcare, and miscellaneous items. Job seekers may find this information useful when considering the financial implications of relocating to Bernalillo, NM.
For example, housing in Bernalillo is 15% below the national average. This could make it more affordable for those looking to settle down. Groceries and utilities are close to the national average, while transportation, healthcare, and miscellaneous costs are slightly lower. This balanced cost structure could make Bernalillo an attractive option for those seeking a lower cost of living without sacrificing too much in quality of life.
Bernalillo County in New Mexico offers a cost of living that compares quite favorably with the nationwide average, which is set at 100. Housing costs in Bernalillo stand at 85, which means residents spend 15% less on housing than the national average. This makes Bernalillo an attractive option for those looking to save on housing expenses without compromising on quality or location.
In other areas, Bernalillo also presents competitive advantages. Groceries cost 92, which is 8% less than the national average. Utilities in Bernalillo are on par with the nationwide average, sitting at 100. Transportation costs are slightly lower, at 98, translating to a savings of 2%. Healthcare expenses in Bernalillo amount to 95, which means residents pay 5% less than the national average. Miscellaneous costs are at 90, offering a 10% reduction. Overall, Bernalillo offers a cost of living that is slightly below the national average, making it a smart choice for cost-conscious individuals.