The cost of living in Rio Rancho, New Mexico (NM) is lower than the average cost of living in the state of New Mexico and lower than the nationwide city average. The average annual pay in Rio Rancho is $41,569.00, which is $1,030.00 lower than the salary average in New Mexico and lower than the U.S. average yearly wages by $12,052.00.
The CPI calculation is based on a statistical model that takes into account some of the major personal consumption categories such as healthcare, transportation, housing, education and food, in addition to the average Rio Rancho annual salary, sales tax rates and the regional consumer price index.
