Las Vegas, NM Cost of Living


3 Reviews



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Las Vegas cost of living score
78.5
Less expensive
21.5% lower
than the US average
11.2% lower
than the New Mexico average
Las Vegas, New Mexico gets a BestPlaces Cost of Living score of 78.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 21.5% lower than the U.S. average and 11.2% higher than the average for New Mexico.

Las Vegas, NM

Housing costs in Las Vegas?
A typical home costs $164,300, which is 51.4% less expensive than the national average of $338,100 and 38.5% less expensive than the average New Mexico home, at $267,100. Renting a two-bedroom unit in Las Vegas costs $790 per month, which is 44.8% cheaper than the national average of $1,430 and 29.1% cheaper than the state average of $1,020.

Can I afford Las Vegas?
To live comfortably in Las Vegas, New Mexico, a minimum annual income of $31,320 for a family, and $28,000 for a single person is recommended.

What does A.I. say about Las Vegas?
Las Vegas, NM is a great city to live in for those on a budget. The cost of living is significantly lower than surrounding areas, making it an attractive option for those looking to save money. Basic necessities such as housing, food, and transportation are quite affordable and most individuals should be able to make ends meet without breaking the bank. Additionally, the availability of recreational activities, entertainment venues and other social outlets make Las Vegas a great place to call home.
   Cost of living score
     CategoriesLas VegasNew MexicoUnited States
  78.588.4100.0
  93.293.3100
  85.182.6100.0
  50.784.3100.0
  $164,300$267,100$338,100
  105.2%100.4%100.0%
  61.984.6100.0
  77.185.5100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Las Vegas
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Over 7 years ago

I was motivated to write this review because Las Vegas is my favorite getaway from SE Colorado, where I live. I've been there many, many times -- I stay overnight there  More

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I live in Colorado and have driven by Las Vegas at least 20 times and always wished I could stop to visit. I even considered it as an option of future residence until I  More

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Over 15 years ago

Las Vegas New Mexico is truly an architectural gem-100s of historic registered buildings from victorian mansions to adobe haciendas unfortunately it is also full of  More

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