What is the cost of living in Grants, NM?
According to the most recent data on the cost of living, Grants has an overall cost of living index of 85, which is 0.8x lower than the national index of 100.
Compared to New Mexico, Grants has a cost of living index that's 0.9x lower than New Mexico's index of 93.
The standard of living in Grants ranks as #6 most affordable out of the 45 places we measured in New Mexico. By definition, that implies Grants ranks as the #39 most expensive place in the Land of Enchantment.
For more reading on life in Grants, check out:
Grants Cost Of Living Vs. New Mexico
Six factors go into calculating the cost of living index in Grants. Here is how it fares on each of the criteria:
The Services index in Grants is 101.
The Groceries index in Grants is 98.
The Health index in Grants is 63.
The Housing index in Grants is 99.
The Transportation index in Grants is 95.
The Utilities index in Grants is 94.
| Living Expense | Grants | New Mexico | National Average |
|---|---|---|---|
| Overall | 85 | 93 | 100 |
| Services | 101 | 98 | 100 |
| Groceries | 98 | 96 | 100 |
| Health | 63 | 86 | 100 |
| Housing | 99 | 99 | 100 |
| Transportation | 95 | 95 | 100 |
| Utilities | 94 | 94 | 100 |
Grants 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 Grants Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Grants, 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 Grants is $154,827.
The Median Rent in Grants is $783.
The Median Income in Grants is $47,183.
The Home Value To Income in Grants is 3.3x.
The Rent To Monthly Income in Grants is 0.2x.
| Statistic | Grants | New Mexico | United States |
|---|---|---|---|
| Median Home Value | $154,827 | $316,750 | $332,700 |
| Median Rent | $783 | $1,067 | $1,413 |
| Median Income | $47,183 | $64,059 | $80,734 |
| Home Value To Income | 3.3x | 4.9x | 4.1x |
| Rent To Monthly Income | 0.2x | 0.2x | 0.21x |
Grants, NM Costs By Category
Detailed Grants Services costs vs. New Mexico
| Item | Grants | New Mexico |
|---|---|---|
| Shampoo | $1.15 | $1.28 |
| Movie | $12.54 | $12.13 |
| Bowling | $20.89 | $18 |
| Haircut | $31.9 | $24.26 |
| Beauty Salon | $50.83 | $45.56 |
Detailed Grants Groceries costs vs. New Mexico
| Item | Grants | New Mexico |
|---|---|---|
| Ground Beef | $5.11 | $5.84 |
| Fried Chicken | $1.32 | $1.57 |
| Milk | $4.63 | $4.67 |
| Potatoes | $4.18 | $4.93 |
| Pizza | $13.42 | $12.09 |
| Beer | $11.07 | $10.41 |
| Toothpaste | $3.62 | $3.7 |
Detailed Grants Health costs vs. New Mexico
| Item | Grants | New Mexico |
|---|---|---|
| Optometrist | $136.89 | $125.68 |
| Doctor | $134.17 | $135.78 |
| Dentist | $111.42 | $113.29 |
Detailed Grants Transportation costs vs. New Mexico
| Item | Grants | New Mexico |
|---|---|---|
| Gasoline | $3.5 | $3.46 |
| Tire Balancing | $43.87 | $59.92 |
Detailed Grants Utilities costs vs. New Mexico
| Item | Grants | New Mexico |
|---|---|---|
| All Electricity | $191.24 | $193.99 |
| Phone | $190.51 | $192.25 |
