Cost of Living in Truth or Consequences, NM
Population 6,026 · New Mexico · Data vintage 2023
(100 = US avg)
Truth or Consequences's median household income of $29,142 is a meaningful share below the national figure, which shapes most of the downstream economic indicators — from housing affordability to the share of residents living below the poverty line (35% here). The labor market has been unusually tight, with unemployment around 1.0% — below most comparable cities in the state.
Truth or Consequences is about 70 miles northwest of Las Cruces, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 51% lower than Las Cruces' $217,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Truth or Consequences
The median home value in Truth or Consequences is $107,500 — 65% below the national median of $305,000. Median rent runs $676/month, 49% lower than the national median of $1,314/month. The median household income of $29,142/year is 61% lower than the US median of $74,580. The local unemployment rate is 1.0%, 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 75.0°F and lows of 48.2°F. Overall, Truth or Consequences has a cost of living index of 42 versus the US average of 100, meaning it is 58% less expensive.
Truth or Consequences 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 | 55 | 61 | 68 | 76 | 85 | 94 | 93 | 91 | 85 | 76 | 63 | 54 |
| Low °F | 30 | 34 | 40 | 47 | 56 | 64 | 68 | 66 | 60 | 49 | 37 | 30 |
| Precip" | 0.45 | 0.30 | 0.24 | 0.27 | 0.55 | 0.41 | 1.63 | 1.76 | 1.70 | 0.73 | 0.51 | 0.60 |
Frequently Asked Questions
What is the cost of living in Truth or Consequences, NM?
Truth or Consequences has a cost index of 42 (100 = national average). It is 58% below the national average.
What is average rent in Truth or Consequences, NM?
The median gross rent in Truth or Consequences is $676 per month based on 2023 Census data.
What is the average home price in Truth or Consequences?
The median home value in Truth or Consequences is $107,500 according to Zillow and Census data.
What is the median income in Truth or Consequences?
The median household income in Truth or Consequences is $29,142 per year (2023 ACS 5-year estimates).
What is the sales tax in Truth or Consequences, NM?
The combined state and local sales tax rate in Truth or Consequences is 7.7%. The New Mexico state income tax top rate is 5.9%.
Is Truth or Consequences, NM affordable?
Yes, Truth or Consequences is generally considered affordable, with a cost of living index of 42 — about 58% below the US national average of 100.
What is the weather like in Truth or Consequences?
Truth or Consequences has average high temperatures of 75.0°F and average lows of 48.2°F. Annual precipitation is 9.2". Data from NOAA 1991–2020 Climate Normals.
Truth or Consequences at a Glance
- Population
- 6,026
- Median Income
- $29,142
- Home Value
- $107,500
- Median Rent
- $676/mo
- Unemployment
- 1.0%
- Avg High Temp
- 75.0°F
- Sales Tax
- 7.7%
Nearby Cities
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New Mexico Rankings
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