Rio Rancho, NM Cost of Living (2024): How Expensive Is It?

What Salary Do You Need to Live Comfortably in Rio Rancho, NM in 2024?

Overall, on average, a gross annual salary of $53,596 is required for an average quality of life in Rio Rancho, NM.

Is the Cost of Living High in Rio Rancho, NM?

Rio Rancho, NM is ranked 63rd out of the 333 most populated cities in the U.S. for having the lowest cost of living. Therefore, it is considered one of the cheaper cities in which to live in the U.S. Rio Rancho, NM's average monthly rent is 41% lower than the U.S. average cost of rent.

Is $50,000 a Good Salary in Rio Rancho, NM in 2024?

A gross annual salary of $50,000 in Rio Rancho, NM will yield an average annual net salary of $43,657. Considering that the total average annual cost of living in Rio Rancho, NM is $40,821, a gross annual salary of $50,000 will be sufficient to cover average living costs.

How Much Should You Pay for Rent in Rio Rancho, NM?

The average monthly rent in Rio Rancho, NM in the city center is $1,008 for a 1 bedroom apartment, $1,304 for a 2 bedroom apartment and $1,608 for a 3 bedroom apartment. Outside the city center, the average monthly rent in is $1,003 for a 1 bedroom apartment, $1,207 for a 2 bedroom apartment and $1,505 for a 3 bedroom apartment.