The cost of living index for Ruidoso, NM, shows a lower expense compared to the nationwide average of 100. Housing costs 15% less, groceries 10% less, utilities 5% less, healthcare 8% less, and miscellaneous items 12% less. However, transportation costs remain the same as the national average.
Overall, living in Ruidoso offers savings across many key areas. This presents an attractive option for job seekers looking to manage their expenses effectively.
The cost of living in Ruidoso, NM, stands at 90 when compared to the nationwide average of 100. This figure suggests that residents in Ruidoso spend 10% less on their overall living expenses than the average American household. The reduced costs can be attributed to several factors, including lower prices in housing and miscellaneous expenses. Housing in Ruidoso costs 15% less than the national average, and miscellaneous items are priced 12% lower, offering some financial relief to those living in the area.
In addition to the general cost of living, certain sectors in Ruidoso offer more economical choices. For example, groceries in Ruidoso are priced at 90, which is slightly below the national average, reflecting a 10% savings for local shoppers. Although utilities in Ruidoso are slightly above the national average, the overall impact on living expenses remains minimal, as these costs account for only a portion of the total living costs. Ruidoso's transportation costs align with the national average, providing no additional cost burden or savings. Thus, the overall cost of living in Ruidoso provides a balanced mix of affordable and average-priced expenses.
