Grant County, NM Cost of Living


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Grant cost of living score
75.1
Less expensive
24.9% lower
than the US average
15.0% lower
than the New Mexico average
Grant New Mex County, New Mexico gets a BestPlaces Cost of Living score of 75.1, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 24.9% lower than the U.S. average and 15.0% higher than the average for New Mexico.

Grant County, NM

Housing costs in Grant?
A typical home costs $172,400, which is 49.0% less expensive than the national average of $338,100 and 35.5% less expensive than the average New Mexico home, at $267,100. Renting a two-bedroom unit in Grant costs $800 per month, which is 44.1% cheaper than the national average of $1,430 and 27.5% cheaper than the state average of $1,020.

Can I afford Grant?
To live comfortably in Grant New Mex County, New Mexico, a minimum annual income of $33,120 for a family, and $27,200 for a single person is recommended.

What does A.I. say about Grant?
Grant, NM County has a very affordable cost of living compared to the US average. With a cost of living index of 75.1, it is nearly 25% lower than the national average of 100. This makes living in Grant an attractive option for those looking to stretch their budget further and enjoy all the amenities that the county can offer. Additionally, it also benefits those looking to purchase a home in Grant; as evidenced by its house median value of $172,400, which is significantly less than the US average of $338,100. The low cost of living and home values make Grant, NM an ideal destination for many Americans seeking to save money while enjoying all that life in the county has to offer.
   Cost of living score
     CategoriesGrantNew MexicoUnited States
  75.188.4100.0
  91.693.3100
  85.382.6100.0
  50.784.3100.0
  $172,400$267,100$338,100
  98.9%100.4%100.0%
  68.284.6100.0
  95.785.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime