Artesia, NM Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Artesia, NM Summary

Cost of living in Artesia research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Artesia is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in New Mexico, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Artesia is 92, with 100 being the average.

  • The cost of living index in Artesia is 0.9x lower than the national average.

  • Artesia ranks as the #29 cheapest in New Mexico out of 44.

  • Artesia ranks as the #1,974 cheapest out of 6,412 in the US.

  • The median home value in Artesia is $185,700.

  • The median income in Artesia is $61,582.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
92
Artesia's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Artesia, NM?

According to the most recent data on the cost of living, Artesia has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.

Compared to New Mexico, Artesia has a cost of living index that's 1.0x lower than New Mexico's index of 94.

The standard of living in Artesia ranks as #29 most affordable out of the 44 places we measured in New Mexico. By definition, that implies Artesia ranks as the #15 most expensive place in the Land of Enchantment.

For more reading on life in Artesia, check out:

29 out of 44
In New Mexico
1,974 out of 6,412
In America

Artesia Cost Of Living Vs. New Mexico

Six factors go into calculating the cost of living index in Artesia. Here is how it fairs on each of the criteria:

  • The Services index in Artesia is 96.

  • The Groceries index in Artesia is 93.

  • The Health index in Artesia is 101.

  • The Housing index in Artesia is 74.

  • The Transportation index in Artesia is 93.

  • The Utilities index in Artesia is 100.

Living Expense Artesia New Mexico National Average
Overall 92 94 100
Services 96 97 100
Groceries 93 96 100
Health 101 100 100
Housing 74 88 100
Transportation 93 96 100
Utilities 100 91 100
For more reading on cost of living around New Mexico, check out:
Artesia Cost of Living Vs. NM

Artesia, NM Housing Cost Breakdown

Housing swings affordability the most between places in New Mexico, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Artesia is $185,700.

  • The Median Rent in Artesia is $927.

  • The Median Income in Artesia is $61,582.

  • The Home Value To Income in Artesia is 3.0x.

  • The Rent To Monthly Income in Artesia is 0.18x.

Statistic Artesia New Mexico United States
Median Home Value $185,700 $184,800 $244,900
Median Rent $927 $897 $1,163
Median Income $61,582 $54,020 $69,021
Home Value To Income 3.0x 3.4x 3.5x
Rent To Monthly Income 0.18x 0.2x 0.2x
Search Homes For Sale In Artesia, NM
$185,700
Median Home Value
$927
Median Rent
$61,582
Median Income

Artesia, NM Costs By Category

Detailed Artesia Services Costs Vs. New Mexico

Item Artesia New Mexico
Shampoo $1.03 $1.06
Movie $9.38 $10.68
Bowling $12.5 $14.67
Haircut $19.2 $18.62
Beauty Salon $35.0 $39.05

Detailed Artesia Groceries Costs Vs. New Mexico

Item Artesia New Mexico
Ground Beef $3.98 $4.22
Fried Chicken $1.15 $1.39
Milk $1.73 $2.05
Potatoes $1.97 $3.29
Pizza $12.33 $10.62
Beer $10.43 $9.38
Toothpaste $2.27 $2.34

Detailed Artesia Health Costs Vs. New Mexico

Item Artesia New Mexico
Optometrist $122.5 $108.57
Doctor $136.25 $116.17
Dentist $90.0 $99.13

Detailed Artesia Transportation Costs Vs. New Mexico

Item Artesia New Mexico
Gasoline $2.06 $2.22
Tire Balancing $49.53 $50.07

Detailed Artesia Utilities Costs Vs. New Mexico

Item Artesia New Mexico
All Electricity $164.79 $167.67
Phone $184.35 $175.64

Artesia SnackAbility

6
/10
Overall SnackAbility
Jobs
6/10
Housing
8
Affordability
7
Diversity
9
Safety
N/A
Amenities
8
Education
5
Commute
9.5

Cost Of Living In Cities Around Artesia

The cost of living varies in the cities and towns around Artesia. Here's a quick look at the cost of living in the most populous nearby places:

  • Roswell, NM has a cost of living index of 80, 0.9x Artesia.

  • Carlsbad, NM has a cost of living index of 89, 1.0x Artesia.

City Population Cost Of Living Vs. Artesia
Roswell, NM 48,347 80 0.9x
Carlsbad, NM 31,525 89 1.0x

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