Cost of Living in Picuris Pueblo, New Mexico
Picuris Pueblo is a Census-designated place in Taos County, New Mexico, with a population of 115. The total cost of housing, food, child care, transportation, health care, taxes, and other necessities for a single adult in Picuris Pueblo is $34,051 a year — greater than the annual cost of living for New Mexico of $32,228 yet less than the national figure of $38,433.
Using cost of living data from the nonprofift think tank Economic Policy Institute, 24/7 Wall St. estimated the cost of living in Picuris Pueblo and over 29,000 other cities and towns in the US.
Housing Costs in Picuris Pueblo, New Mexico
Housing is one of the largest components of cost of living. In Picuris Pueblo, the median home value is $95,000, less than the national median home value of $204,900.
Renting is a sometimes lower cost alternative to homeownership. In Picuris Pueblo, some 9.80% of occupied homes are rented, less than the 36.2% national renter rate.
Transportation Costs in Picuris Pueblo, New Mexico
Transportation can also be a significant component of cost of living. In Picuris Pueblo, 97.60% of commuters drive to work, compared to 85.5% of commuters nationwide. An estimated 88.10% of workers commute to jobs outside of Picuris Pueblo, a larger share than the 43.7% share of commuters nationwide who live and work in different cities. The average commute in Picuris Pueblo is 30.6 minutes long, compared to the 26.6-minute average commute nationwide. Taking into account the cost of gas, as well as public transit and car maintenance, the EPI estimates that a single person in Picuris Pueblo spends $10,475 a year on transportation, more than the national average of $9,760.
Health Care Costs in Picuris Pueblo, New Mexico
Out-of-pocket health care costs and insurance premiums — assuming at least a basic level of health insurance coverage — are far lower than they are on average nationwide in Picuris Pueblo and also below what they are across New Mexico as a whole.
For a single adult living in the area, average health care costs come out to $3,061 per year, compared to an average of $3,326 across New Mexico and $4,266 nationwide.
Child care Costs in Picuris Pueblo, New Mexico
For families with children, child care adds thousands of dollars to overall annual spending. In Picuris Pueblo, the average annual cost of child care for two children — one 4 year old and one 8 year old — is $12,974, about $900 less than the comparable average of $13,857 across all of New Mexico. Meanwhile, across the U.S. as a whole, childcare expenses for two children averages $15,853 per year.
Food Costs in Picuris Pueblo, New Mexico
Food is another every day expense that has a significant impact on overall cost of living. Data from the U.S. Department of Agriculture shows that the cost of food varies from city to city and town to town.
In Picuris Pueblo, a single adult spends an average of $3,879 on food annually, and a family of four spends $11,202 on average. For context, average annual food expenditure across New Mexico and the U.S., respectively, are $3,082 and $3,240 for a single adult, and $8,902 and $9,354 for a family of four. These estimates are calculated for a nutritionally adequate diet of food purchased at a grocery store for at-home preparation.
Taxes in Picuris Pueblo, New Mexico
Few expenses vary as much from city to city and town to town as taxes. Accounting for state and federal income taxes, as well as Social Security contributions and Medicare payroll taxes, the average adult working in Picuris Pueblo, New Mexico pays $5,539 annually — closely in line with the statewide average of $5,119.
It is important to note that these calculations do not include other common taxes such as property, sales, and excise taxes. Accounting for these taxes, while excluding taxes levied at the federal level, Picuris Pueblo residents live in a state with a low average tax burden. Per capita state tax collections in New Mexico total $2,707 per year, compared to the $3,151 average across all states.
To estimate the cost of housing, food, transportation, health care, child care, taxes, and other necessities, 24/7 Wall St. assigned county-level Economic Policy Institute data to cities, towns, villages and Census-designated places based on boundary definitions from the U.S. Census Bureau. For places that span multiple counties, data was aggregated based on the percentage of boundary overlap.
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24/7 Wall St. has published detailed cost of living analysis for all 50 states and over 29,000 cities across the country. Search for a city or state to view here:See a list of all available cities in New Mexico by clicking here.
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