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 92, which is 0.9x lower than the national index of 100.
Compared to New Mexico, Clovis has a cost of living index that's 1.0x lower than New Mexico's index of 93.
The standard of living in Clovis ranks as #21 most affordable out of the 45 places we measured in New Mexico. By definition, that implies Clovis ranks as the #24 most expensive place in the Land of Enchantment.
For more reading on life in Clovis, check out:
Clovis Cost Of Living Vs. New Mexico
Six factors go into calculating the cost of living index in Clovis. Here is how it fares on each of the criteria:
The Services index in Clovis is 100.
The Groceries index in Clovis is 102.
The Health index in Clovis is 77.
The Housing index in Clovis is 98.
The Transportation index in Clovis is 94.
The Utilities index in Clovis is 95.
| Living Expense | Clovis | New Mexico | National Average |
|---|---|---|---|
| Overall | 92 | 93 | 100 |
| Services | 100 | 98 | 100 |
| Groceries | 102 | 96 | 100 |
| Health | 77 | 86 | 100 |
| Housing | 98 | 99 | 100 |
| Transportation | 94 | 95 | 100 |
| Utilities | 95 | 94 | 100 |
Clovis Cost Of Living Compared To New Mexico Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around New Mexico, check out:
Protect your home budget Compare home warranties in Clovis Get matched →Source: Cost-of-living index 2026, normalized to US average = 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 2020-2024. The key points are:
The Median Home Value in Clovis is $161,214.
The Median Rent in Clovis is $988.
The Median Income in Clovis is $54,820.
The Home Value To Income in Clovis is 2.9x.
The Rent To Monthly Income in Clovis is 0.22x.
| Statistic | Clovis | New Mexico | United States |
|---|---|---|---|
| Median Home Value | $161,214 | $316,750 | $332,700 |
| Median Rent | $988 | $1,067 | $1,413 |
| Median Income | $54,820 | $64,059 | $80,734 |
| Home Value To Income | 2.9x | 4.9x | 4.1x |
| Rent To Monthly Income | 0.22x | 0.2x | 0.21x |
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
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 88, 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 | 11,968 | 88 | 1.0x |
| Muleshoe, TX | 5,667 | 81 | 0.9x |
