Maxwell, NM Cost of Living


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United States / New Mexico / No Metro Area / Colfax County / Maxwell / Zip Codes
How much do I need to live in Maxwell, New Mexico?
$1,890 / month
for a family, 65.0% less expensive than the national average A total of $22,680 for the year for a family.
$2,400 / month
for a single person, 49.7% less expensive than the national average A total of $28,800 for the year for a single person.

Maxwell cost of living score
77
Less expensive
23.0% lower
than the US average
12.9% lower
than the New Mexico average
Maxwell, New Mexico gets a BestPlaces Cost of Living score of 77, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 23.0% lower than the U.S. average and 12.9% higher than the average for New Mexico.

Maxwell, NM

Housing costs in Maxwell?
A typical home costs $117,500, which is 65.2% less expensive than the national average of $338,100 and 56.0% less expensive than the average New Mexico home, at $267,100. Renting a two-bedroom unit in Maxwell costs $810 per month, which is 43.4% cheaper than the national average of $1,430 and 25.9% cheaper than the state average of $1,020.

Can I afford Maxwell?
To live comfortably in Maxwell, New Mexico, a minimum annual income of $22,680 for a family, and $28,800 for a single person is recommended.

What does A.I. say about Maxwell?
Maxwell, NM is a relatively affordable place to live. The cost of living in Maxwell is lower than the US average, with the median home cost being $117,000 according to Zillow. Groceries and other necessities are also relatively inexpensive compared to other cities in the United States. Additionally, gas prices are very low due to the city's proximity to oil refineries and agricultural centers. All these factors make it an attractive option for those looking for an affordable place to live.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesMaxwellNew MexicoUnited States
    Unlock88.4100.0
  90.1  Unlock100.0
    Unlock82.6100.0
  34.2  Unlock100.0
    Unlock$267,100$338,100
  110.6  Unlock100.0
    Unlock84.6100.0
  78.1  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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