The cost of living in Truth or Consequences, NM, is notably lower than the nationwide average. Housing, for instance, is 15% cheaper, while groceries are just 8% below the national average. Utilities, transportation, healthcare, and miscellaneous expenses also show slight reductions, making this area an attractive option for budget-conscious individuals.
The cost of living in Truth or Consequences, New Mexico, is notably lower than the nationwide average. The housing index stands at 85, which is 15% below the national average of 100. This means that housing costs in Truth or Consequences are more affordable, making it easier for residents to manage their budgets. Groceries also show a slight decrease, with an index of 92, which is 8% below the average. This indicates that food expenses are relatively lower here compared to the rest of the country.
Utilities in Truth or Consequences have a cost of living index of 97, which is 3% below the average. This small difference suggests that utility costs are nearly on par with the national average. Transportation costs are at 90, which is 10% lower than the average. This makes commuting and other transportation needs more budget-friendly. Healthcare costs, with an index of 95, are 5% below the average, offering some relief in medical expenses. Miscellaneous costs also stand at 88, which is 12% below the average, indicating that other expenses are also more affordable. Overall, Truth or Consequences provides a cost-effective living environment for many residents.
