Executive Financial Report: Costilla (87524)
Evaluating relocation options in Taos? The financial benchmark for residing in Costilla, NM (87524) indicates that a single worker needs roughly $3,216 monthly ($38,588.423 annually) to maintain an adequate standard of living.
With typical rent and housing utilities averaging an affordable $756 per month—just 24% of baseline expenses—Costilla offers exceptionally competitive housing costs compared to wider metropolitan averages across New Mexico.
Household earnings in Costilla generally align with basic living standards. With an area median family income of $51,373, local workers earn roughly 1.33x the baseline living cost ($38,588.423/year). While adequate, maintaining a comfortable safety net requires mindful budgeting.
On the expenditure side, groceries and essential nutrition require approximately $330 per month in Costilla. Direct tax liabilities consume an estimated $492 monthly (15% of total baseline expenses). Factoring local tax structures into annual compensation planning is highly recommended.
Overall, Costilla (87524) presents a distinct economic profile within Taos. Whether you are relocating for career advancement or evaluating localized living expenses, utilizing our interactive tools below will help you tailor these baseline figures to your exact household composition and salary.