Grants, NM Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-08
Grants's Overall Cost Of Living
Lower Than The National Average
7 out of 44
In New Mexico
377 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Grants is expensive, while a number below 100 means it's a relatively cheap place to live.

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 82 which is 0.8x lower than the national index of 100.

Compared to only New Mexico, Grants has a cost of living index that's 0.9x lower than New Mexico's index of 92.

The standard of living in Grants ranks as #377 most affordable out of the 6,418 places we measured in New Mexico. By definition, that implies Grants ranks as the #6,041 most expensive place in the Land of Enchantment.

For more reading on life in Grants, check out:

Grants Cost Of Living Vs. New Mexico

Living Expense Grants New Mexico National Average
Overall 82 92 100
Services 88 92 100
Groceries 95 94 100
Health 99 98 100
Housing 54 87 100
Transportation 88 88 100
Utilities 94 91 100
For more reading on cost of living around New Mexico, check out:
Grants Cost of Living Vs. NM

Grants, NM Housing Cost Breakdown

Housing swings affordability the most between places in New Mexico, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Grants New Mexico United States
Median Home Value $103,600 $175,700 $229,800
Median Rent $710 $857 $1,096
Median Income $44,122 $51,243 $64,994
Home Value To Income 2.3x 3.4x 3.5x
Rent To Monthly Income 0.19x 0.2x 0.2x

Detailed Grants Services Costs Vs. New Mexico

Item Grants New Mexico
Shampoo $0.92 $1.06
Movie $9.5 $10.68
Bowling $11.2 $14.67

Detailed Grants Groceries Costs Vs. New Mexico

Item Grants New Mexico
Ground Beef $4.9 $4.22
Fried Chicken $1.11 $1.39
Milk $1.96 $2.05

Detailed Grants Health Costs Vs. New Mexico

Item Grants New Mexico
Haircut $18.38 $18.62
Beauty Salon $35.53 $39.05
Toothpaste $2.79 $2.34

Detailed Grants Transportation Costs Vs. New Mexico

Item Grants New Mexico
Potatoes $3.05 $3.29
Pizza $9.67 $10.62
Beer $8.22 $9.38
Optometrist $118.86 $108.57
Doctor $127.67 $116.17
Dentist $86.56 $99.13

Detailed Grants Utilities Costs Vs. New Mexico

Item Grants New Mexico
Gasoline $1.97 $2.22
Tire Balancing $40.79 $50.07
All Electricity $150.01 $167.67
Phone $183.97 $175.64

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