Clovis, NM Cost Of Living
Cost Of Living In Clovis, NM Summary
Cost of living in Clovis research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Clovis is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New Mexico, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Clovis is 88, with 100 being the average.
The cost of living index in Clovis is 0.9x lower than the national average.
Clovis ranks as the #13 cheapest in New Mexico out of 45.
Clovis ranks as the #912 cheapest out of 6,489 in the US.
The median home value in Clovis is $158,505.
The median income in Clovis is $54,029.
Table Of Contents
Clovis's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Clovis, NM?
According to the most recent data on the cost of living, Clovis has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to New Mexico, Clovis has a cost of living index that's 0.9x lower than New Mexico's index of 95.
The standard of living in Clovis ranks as #13 most affordable out of the 45 places we measured in New Mexico. By definition, that implies Clovis ranks as the #32 most expensive place in the Land of Enchantment.
For more reading on life in Clovis, check out:
In New Mexico
In America
Clovis Cost Of Living Vs. New Mexico
Six factors go into calculating the cost of living index in Clovis. Here is how it fairs on each of the criteria:
The Services index in Clovis is 99.
The Groceries index in Clovis is 99.
The Health index in Clovis is 92.
The Housing index in Clovis is 79.
The Transportation index in Clovis is 93.
The Utilities index in Clovis is 89.
| Living Expense | Clovis | New Mexico | National Average | |
|---|---|---|---|---|
| Overall | 88 | 95 | 100 | |
| Services | 99 | 96 | 100 | |
| Groceries | 99 | 96 | 100 | |
| Health | 92 | 95 | 100 | |
| Housing | 79 | 87 | 100 | |
| Transportation | 93 | 93 | 100 | |
| Utilities | 89 | 89 | 100 | |
Clovis, NM Housing Cost Breakdown
Housing swings affordability the most between places in New Mexico, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Clovis is $158,505.
The Median Rent in Clovis is $947.
The Median Income in Clovis is $54,029.
The Home Value To Income in Clovis is 2.9x.
The Rent To Monthly Income in Clovis is 0.21x.
| Statistic | Clovis | New Mexico | United States |
|---|---|---|---|
| Median Home Value | $158,505 | $311,815 | $303,400 |
| Median Rent | $947 | $1,021 | $1,348 |
| Median Income | $54,029 | $62,125 | $78,538 |
| Home Value To Income | 2.9x | 5.0x | 3.9x |
| Rent To Monthly Income | 0.21x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Clovis, NM Costs By Category
Detailed Clovis Services Costs Vs. New Mexico
| Item | Clovis | New Mexico |
|---|---|---|
| Shampoo | $1.28 | $1.28 |
| Movie | $12.18 | $12.13 |
| Bowling | $22.25 | $18 |
| Haircut | $31.33 | $24.26 |
| Beauty Salon | $55.26 | $45.56 |
Detailed Clovis Groceries Costs Vs. New Mexico
| Item | Clovis | New Mexico |
|---|---|---|
| Ground Beef | $5.58 | $5.84 |
| Fried Chicken | $1.67 | $1.57 |
| Milk | $4.55 | $4.67 |
| Potatoes | $4.87 | $4.93 |
| Pizza | $13.76 | $12.09 |
| Beer | $10.37 | $10.41 |
| Toothpaste | $3.68 | $3.7 |
Detailed Clovis Health Costs Vs. New Mexico
| Item | Clovis | New Mexico |
|---|---|---|
| Optometrist | $129.03 | $125.68 |
| Doctor | $113.33 | $135.78 |
| Dentist | $109.67 | $113.29 |
Detailed Clovis Transportation Costs Vs. New Mexico
| Item | Clovis | New Mexico |
|---|---|---|
| Gasoline | $3.26 | $3.46 |
| Tire Balancing | $55.19 | $59.92 |
Detailed Clovis Utilities Costs Vs. New Mexico
| Item | Clovis | New Mexico |
|---|---|---|
| All Electricity | $189.14 | $193.99 |
| Phone | $207.58 | $192.25 |
Clovis SnackAbility
/10
Cost Of Living In Cities Around Clovis
The cost of living varies in the cities and towns around Clovis. Here's a quick look at the cost of living in the most populous nearby places:
Portales, NM has a cost of living index of 87, 1.0x Clovis.
Muleshoe, TX has a cost of living index of 81, 0.9x Clovis.
| City | Population | Cost Of Living | Vs. Clovis |
|---|---|---|---|
| Portales, NM | 12,023 | 87 | 1.0x |
| Muleshoe, TX | 5,328 | 81 | 0.9x |
