The cost of living index in Truth or Consequences, NM, shows a generally lower cost compared to the nationwide average, which is set at 100. The housing index stands at 85, indicating that housing costs are 15% lower than the national average. Other categories like groceries, utilities, transportation, healthcare, and miscellaneous expenses also hover around or slightly above the national average, with the highest being healthcare at 98%.
Overall, job seekers can expect to find living expenses in Truth or Consequences, NM, to be about 9% below the nationwide average. This makes it a potentially more affordable place to live while still offering essential services and amenities comparable to the national standards.
The cost of living in Truth or Consequences, New Mexico, presents a mix of affordability and moderate expenses when compared to the nationwide average. Housing costs in Truth or Consequences are notably lower, with an index of 85. This means housing expenses are 15% less than the national average. For job seekers, this could translate to more affordable living arrangements, potentially freeing up more of their budget for other needs.
Other areas such as groceries and utilities also show a slight edge in affordability. Groceries have an index of 94, which is 6% below the national average, while utilities are at 97, just 3% above the average. Transportation, with an index of 90, is 10% less than the national average, offering another potential savings area for residents. Healthcare costs are slightly higher, at 98, which is 2% more than the national average. Miscellaneous expenses, with an index of 92, are 8% below the national average, providing additional savings opportunities. Overall, Truth or Consequences offers a cost of living that is generally favorable for those looking to manage their expenses effectively.
