Taos, NM, has a cost of living index slightly below the nationwide average of 100. The average cost of living in Taos stands at 93, which translates to a 7% decrease from the national norm. Housing shows the most significant reduction at 15%, while transportation costs are slightly above average at 8%. Each component in the cost of living index offers a clearer picture. Housing, which is typically a large portion of expenses, is notably lower at 85. Groceries and utilities remain close to the average, with scores of 95 and 90, respectively. Healthcare and miscellaneous costs are also above the national average, both exceeding 90 points. This balanced distribution provides a comprehensive view of the cost dynamics in Taos.
Taos, New Mexico, presents a unique cost of living scenario when compared to the nationwide average, which is set at 100. Housing costs in Taos are notably lower, coming in at 85 on the index. This means residents spend 15% less on housing compared to the national average. While this might be appealing to those looking to save on housing expenses, it is essential to consider how this translates to overall living costs.
In other areas, Taos residents might find they spend close to the national average or slightly more. Groceries in Taos are indexed at 95, indicating a 5% savings compared to the national average. Utilities cost 90 on the index, meaning residents spend 10% less on this front. Transportation costs are slightly higher, with an index of 98, which is 2% above average. Healthcare and miscellaneous costs also show minor variations, with indexes of 97 and 92 respectively, indicating costs that are 3% less and 8% less than the national averages. Understanding these percentages can help job seekers make informed decisions about relocating to Taos.
