The cost of living index in Truth or Consequences, NM, is generally lower than the nationwide average, which is set at 100. Housing costs stand at 70%, indicating a significant 30% reduction compared to the average. Despite this, expenses for groceries, utilities, transportation, healthcare, and miscellaneous items are also below the national average, offering an overall cost reduction of about 12%.
The cost of living in Truth or Consequences, NM, presents a unique set of advantages and considerations when compared to the nationwide average. This charming city enjoys a lower cost of housing, with an index of 70, making it 30% cheaper than the national average of 100. This reduction can significantly ease the financial burden for those new to the area, allowing more of their income to go towards other essential needs.
In terms of groceries and utilities, Truth or Consequences shows a slightly more modest difference from the national average. Groceries cost around 90, which is 10% less than the nationwide benchmark. Utilities also stand at 95, which is 5% below the average. These lower costs contribute to a more affordable lifestyle, helping residents manage their budgets more effectively. Healthcare costs, however, remain consistent with the national average at 100, ensuring that essential medical services are accessible. These factors make Truth or Consequences an attractive location for those seeking a lower cost of living while maintaining quality of life.
