Taos, NM, offers a relatively affordable living experience compared to the nationwide average. The cost of living index in Taos stands at 93, which is 7% lower than the national average of 100. This lower index is primarily driven by housing costs, which are 15% below the national average.
Despite the lower housing costs, other categories like groceries, utilities, and miscellaneous expenses remain close to the national average, making Taos a balanced choice for those seeking a more affordable lifestyle without significant trade-offs.
Taos, New Mexico, offers a unique cost of living that contrasts with the nationwide average. The housing index in Taos stands at 85, which is 15% lower than the national average of 100. This suggests that residents can find housing that is more affordable compared to the rest of the country. The lower cost of housing can be a significant factor for those considering a move to Taos, as it may allow for more disposable income for other expenses.
In addition to housing, the cost of groceries in Taos is 95, which is 5% below the national average. This indicates that everyday food expenses are slightly more affordable in Taos. Utilities, however, are slightly higher, with an index of 98, which is 2% above the national average. Transportation costs in Taos are at 90, which is 10% lower than the national average. Healthcare costs remain consistent with the national average at 100, offering no significant advantage or disadvantage. Miscellaneous expenses, with an index of 92, are 8% lower than the national average, providing some relief in other daily costs. Overall, Taos presents a cost of living that is generally lower than the national average, making it an attractive option for those seeking affordability.
