Grady, NM Cost of Living


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Grady cost of living score
74.7
Less expensive
25.3% lower
than the US average
15.5% lower
than the New Mexico average
Grady, New Mexico gets a BestPlaces Cost of Living score of 74.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 25.3% lower than the U.S. average and 15.5% higher than the average for New Mexico.

Grady, NM

Housing costs in Grady?
A typical home costs $116,900, which is 65.4% less expensive than the national average of $338,100 and 56.2% less expensive than the average New Mexico home, at $267,100. Renting a two-bedroom unit in Grady costs $880 per month, which is 38.5% cheaper than the national average of $1,430 and 15.9% cheaper than the state average of $1,020.

Can I afford Grady?
To live comfortably in Grady, New Mexico, a minimum annual income of $22,320 for a family, and $27,600 for a single person is recommended.

What does A.I. say about Grady?
The cost of living in Grady, NM is quite affordable compared to other towns and cities. The median income for households in the Grady area is around $38,000, which is significantly lower than the median incomes of cities nearby. This means that groceries, housing costs, utility bills, and other necessities are relatively inexpensive. Additionally, there are no state or city sales taxes on purchases made in the area. All of these factors make Grady an attractive place for those looking to save money while still enjoying the beauty and warmth of New Mexico.
   Cost of living score
     CategoriesGradyNew MexicoUnited States
  74.788.4100.0
  91.593.3100
  85.182.6100.0
  47.784.3100.0
  $116,900$267,100$338,100
  89.6%100.4%100.0%
  63.684.6100.0
  84.285.5100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Grady
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Over 17 years ago

Several years ago I went to Grady New Mexico on my way back to LA. I am Australian and found it interesting that a town should share my Surname. That sparked an interest  More

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