Rio Rancho Third Quarter , 2018 ‘ Cost of Living Index ’ Results
The ThirdQuarter2018‘Cost of Living Index’(COLI) results are in and the cost of living in Rio Rancho, New Mexico, is nearly 10%below the national average at 90.8. Unsurprisingly, the cost of living in Rio Rancho is considerably lower than other notable cities such as Phoenix, Boise, Dallas, Salt Lake City, Reno, Denver, SanDiego, Boston, and Seattle.
COLI provides a consistent measurement
The category-specific results for Rio Rancho are as follows:
• Grocery items – 95.9;
• Housing – 81.5;
• Utilities – 92.7;
•Transportation – 93.4;
• Healthcare – 105.1;
• Miscellaneous Goods & Services – 93.2
Rio Rancho’s low cost of living contributes to its excellent quality of life. A fact that attributed to its number 30 spot on Money Magazine’s annual ranking of the ‘Best Places to Live in America.’
About SEA& COLI
Sandoval Economic Alliance provides professional and confidential services to businesses and industries considering expansion and relocation to Rio Rancho and Sandoval County. The ‘Cost of Living Index’(COLI) is published quarterly by C2ER –The Council for Community and Economic Research. Sandoval Economic Alliance staff participates quarterly in the COLI with the help of volunteers.