Cost of Living in Santa Teresa, NM
Population 5,973 · New Mexico · Data vintage 2023
(100 = US avg)
Santa Teresa sits on the smaller end of the New Mexico city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. A poverty rate near 29% adds context to the income figures — well above the US average, and worth factoring into any comparison with cities on the coasts or in the Rockies.
Located 14 miles west of El Paso, Santa Teresa falls within that metro's commuting orbit. Median home values run roughly 26% higher than El Paso's $172,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Santa Teresa
The median home value in Santa Teresa is $216,600 — 29% below the national median of $305,000. Median rent runs $1,259/month, 4% lower than the national median of $1,314/month. The median household income of $60,759/year is 19% lower than the US median of $74,580. The local unemployment rate is 3.4%, below the national average of 4.8%. New Mexico's top state income tax rate is 5.9% and the combined sales tax is 7.7%. The climate averages highs of 78.6°F and lows of 53.8°F, with about 2.8" of annual snowfall. Overall, Santa Teresa has a cost of living index of 81 versus the US average of 100, meaning it is 19% less expensive.
Santa Teresa has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 59 | 64 | 72 | 80 | 89 | 97 | 96 | 94 | 88 | 79 | 67 | 58 |
| Low °F | 35 | 39 | 46 | 53 | 62 | 71 | 73 | 72 | 65 | 54 | 42 | 34 |
| Precip" | 0.39 | 0.40 | 0.24 | 0.17 | 0.43 | 0.73 | 1.58 | 1.67 | 1.52 | 0.59 | 0.43 | 0.63 |
| Snow" | 0.8 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.5 | 1.3 |
Frequently Asked Questions
What is the cost of living in Santa Teresa, NM?
Santa Teresa has a cost index of 81 (100 = national average). It is 19% below the national average.
What is average rent in Santa Teresa, NM?
The median gross rent in Santa Teresa is $1,259 per month based on 2023 Census data.
What is the average home price in Santa Teresa?
The median home value in Santa Teresa is $216,600 according to Zillow and Census data.
What is the median income in Santa Teresa?
The median household income in Santa Teresa is $60,759 per year (2023 ACS 5-year estimates).
What is the sales tax in Santa Teresa, NM?
The combined state and local sales tax rate in Santa Teresa is 7.7%. The New Mexico state income tax top rate is 5.9%.
Is Santa Teresa, NM affordable?
Yes, Santa Teresa is generally considered affordable, with a cost of living index of 81 — about 19% below the US national average of 100.
What is the weather like in Santa Teresa?
Santa Teresa has average high temperatures of 78.6°F and average lows of 53.8°F. Annual precipitation is 8.8". Average annual snowfall is 2.8". Data from NOAA 1991–2020 Climate Normals.
Santa Teresa at a Glance
- Population
- 5,973
- Median Income
- $60,759
- Home Value
- $216,600
- Median Rent
- $1,259/mo
- Unemployment
- 3.4%
- Avg High Temp
- 78.6°F
- Sales Tax
- 7.7%
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