What is the cost of living in Las Vegas, NM?
According to the most recent data on the cost of living, Las Vegas has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to New Mexico, Las Vegas has a cost of living index that's 0.9x lower than New Mexico's index of 93.
The standard of living in Las Vegas ranks as #10 most affordable out of the 45 places we measured in New Mexico. By definition, that implies Las Vegas ranks as the #35 most expensive place in the Land of Enchantment.
For more reading on life in Las Vegas, check out:
Las Vegas Cost Of Living Vs. New Mexico
Six factors go into calculating the cost of living index in Las Vegas. Here is how it fares on each of the criteria:
The Services index in Las Vegas is 97.
The Groceries index in Las Vegas is 96.
The Health index in Las Vegas is 65.
The Housing index in Las Vegas is 96.
The Transportation index in Las Vegas is 100.
The Utilities index in Las Vegas is 101.
| Living Expense | Las Vegas | New Mexico | National Average |
|---|---|---|---|
| Overall | 88 | 93 | 100 |
| Services | 97 | 98 | 100 |
| Groceries | 96 | 96 | 100 |
| Health | 65 | 86 | 100 |
| Housing | 96 | 99 | 100 |
| Transportation | 100 | 95 | 100 |
| Utilities | 101 | 94 | 100 |
Las Vegas 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 Las Vegas Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Las Vegas, 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 Las Vegas is $241,426.
The Median Rent in Las Vegas is $792.
The Median Income in Las Vegas is $45,125.
The Home Value To Income in Las Vegas is 5.4x.
The Rent To Monthly Income in Las Vegas is 0.21x.
| Statistic | Las Vegas | New Mexico | United States |
|---|---|---|---|
| Median Home Value | $241,426 | $316,750 | $332,700 |
| Median Rent | $792 | $1,067 | $1,413 |
| Median Income | $45,125 | $64,059 | $80,734 |
| Home Value To Income | 5.4x | 4.9x | 4.1x |
| Rent To Monthly Income | 0.21x | 0.2x | 0.21x |
Las Vegas, NM Costs By Category
Detailed Las Vegas Services costs vs. New Mexico
| Item | Las Vegas | 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 Las Vegas Groceries costs vs. New Mexico
| Item | Las Vegas | 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 Las Vegas Health costs vs. New Mexico
| Item | Las Vegas | New Mexico |
|---|---|---|
| Optometrist | $136.89 | $125.68 |
| Doctor | $134.17 | $135.78 |
| Dentist | $111.42 | $113.29 |
Detailed Las Vegas Transportation costs vs. New Mexico
| Item | Las Vegas | New Mexico |
|---|---|---|
| Gasoline | $3.5 | $3.46 |
| Tire Balancing | $43.87 | $59.92 |
Detailed Las Vegas Utilities costs vs. New Mexico
| Item | Las Vegas | New Mexico |
|---|---|---|
| All Electricity | $191.24 | $193.99 |
| Phone | $190.51 | $192.25 |
Las Vegas SnackAbility
Cost Of Living In Cities Around Las Vegas
The cost of living varies in the cities and towns around Las Vegas. Here's a quick look at the cost of living in the most populous nearby places:
Santa Fe, NM has a cost of living index of 113, 1.3x Las Vegas.
Eldorado at Santa Fe, NM has a cost of living index of 131, 1.5x Las Vegas.
| City | Population | Cost Of Living | Vs. Las Vegas |
|---|---|---|---|
| Santa Fe, NM | 89,019 | 113 | 1.3x |
| Eldorado at Santa Fe, NM | 5,619 | 131 | 1.5x |
