Cost of Living: Rio Rancho, NM vs Phoenix, AZ
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,230/mo in Rio Rancho, NM versus $4,370/mo in Phoenix, AZ. In the model, rent is about 21.58% of gross in Rio Rancho, NM versus 21.24% in Phoenix, AZ, so Phoenix, AZ tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Rio Rancho, NM and Phoenix, AZ.
At a glance
- Cheaper overall (lower cost-of-living index): Rio Rancho, NM
- Lower rent (median 1BR/2BR): Phoenix, AZ
- Lower home prices: Rio Rancho, NM
- Higher median household income: Rio Rancho, NM
Cost of Living Index
Rio Rancho, NM: 100 (U.S. = 100) · Phoenix, AZ: 102.4 (U.S. = 100)
Rio Rancho, NM has a lower cost-of-living index than Phoenix, AZ, so a given salary generally stretches further there.
Median Rent
Rio Rancho, NM: $1,407/mo (midpoint of 1BR/2BR) · Phoenix, AZ: $1,385/mo
Median rent in Rio Rancho, NM is $22/mo higher than in Phoenix, AZ.
Median Home Price
Rio Rancho, NM: $273,300 · Phoenix, AZ: $381,900
Median home price in Phoenix, AZ is $108,600 higher than in Rio Rancho, NM.
Median Household Income
Rio Rancho, NM: $85,755 · Phoenix, AZ: $77,041
Rio Rancho, NM has a higher median household income than Phoenix, AZ by $8,714.
Rio Rancho, NM overview · Phoenix, AZ overview · Popular comparisons