Rio Rancho, NM

Living costs in Rio Rancho land close to the national average, with a Cost Index of 99 (where 100 = the US baseline). Housing is the largest variable: the median home value here is $273,300, and typical monthly rents run around $1,902. Groceries and utilities are slightly below what you would find in most US cities.

Start with housing. Typical monthly rent is $1,902, while local median household income is $85,755. That implies a rent-burden proxy of about 27% before utilities and other costs. For a specific job offer, filing status, or take-home pay scenario, use salary.city.

New Mexico has a progressive state income tax with a top rate of 5.9%. The effective property tax rate is 0.67%. On a home worth $273,300, that translates to roughly $1,831 per year in property taxes. Sales tax (state + local) averages around 7.6% on everyday purchases.

The typical monthly rent in Rio Rancho is around $1,902. That's about 41% higher than the $1,348 national median. For comparison, the median home value here is $273,300, so buyers should also factor in mortgage payments, property taxes, and insurance.

The median home in Rio Rancho is valued at $273,300. With 20% down and a 6.5% mortgage rate, you'd be looking at roughly $1,382/month for principal and interest alone — before property taxes and insurance. About 82% of residents here own their homes.

Grocery prices in Rio Rancho are about average compared to the rest of the US (index: 96, where 100 is the national average). Utility bills (electricity, gas, water) are below average (index: 78). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.

Rio Rancho is a mid-sized city with a population of about 106,533. The median age of residents is 39, which is close to the national median. The local poverty rate is 7.84%, well below the national average of 12.4%.