Cost of Living in San Pedro, New Mexico
San Pedro is a Census-designated place in Santa Fe County, New Mexico, with a population of 93. The total cost of housing, food, child care, transportation, health care, taxes, and other necessities for a single adult in San Pedro is $36,615 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 San Pedro and over 29,000 other cities and towns in the US.
Housing Costs in San Pedro, New Mexico
Housing is one of the largest components of cost of living. In San Pedro, the median home value is $198,500, less than the national median home value of $204,900.
Renting is a sometimes lower cost alternative to homeownership. In San Pedro, some 0.00% of occupied homes are rented, less than the 36.2% national renter rate.
Transportation Costs in San Pedro, New Mexico
Transportation can also be a significant component of cost of living. In San Pedro, 40.90% of commuters drive to work, compared to 85.5% of commuters nationwide. An estimated 68.20% of workers commute to jobs outside of San Pedro, a larger share than the 43.7% share of commuters nationwide who live and work in different cities. The average commute in San Pedro is N 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 San Pedro spends $9,726 a year on transportation, about the same as the national average of $9,760.
Health Care Costs in San Pedro, 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 San Pedro but in line with what they are across New Mexico as a whole.
For a single adult living in the area, average health care costs come out to $3,185 per year, compared to an average of $3,326 across New Mexico and $4,266 nationwide.
Child care Costs in San Pedro, New Mexico
For families with children, child care adds thousands of dollars to overall annual spending. In San Pedro, the average annual cost of child care for two children — one 4 year old and one 8 year old — is $14,840, about $1,000 more 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 San Pedro, New Mexico
In San Pedro, a single adult spends an average of $3,259 on food annually, and a family of four spends $9,411 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 San Pedro, 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 San Pedro, New Mexico pays $6,096 annually — a relatively high sum compared to the 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, San Pedro 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.
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