What is the cost of living in Lovington, NM?
According to the most recent data on the cost of living, Lovington has an overall cost of living index of 90, which is 0.9x lower than the national index of 100.
Compared to New Mexico, Lovington has a cost of living index that's 1.0x lower than New Mexico's index of 93.
The standard of living in Lovington ranks as #13 most affordable out of the 45 places we measured in New Mexico. By definition, that implies Lovington ranks as the #32 most expensive place in the Land of Enchantment.
For more reading on life in Lovington, check out:
Lovington Cost Of Living Vs. New Mexico
Six factors go into calculating the cost of living index in Lovington. Here is how it fares on each of the criteria:
The Services index in Lovington is 99.
The Groceries index in Lovington is 96.
The Health index in Lovington is 70.
The Housing index in Lovington is 99.
The Transportation index in Lovington is 96.
The Utilities index in Lovington is 96.
| Living Expense | Lovington | New Mexico | National Average |
|---|---|---|---|
| Overall | 90 | 93 | 100 |
| Services | 99 | 98 | 100 |
| Groceries | 96 | 96 | 100 |
| Health | 70 | 86 | 100 |
| Housing | 99 | 99 | 100 |
| Transportation | 96 | 95 | 100 |
| Utilities | 96 | 94 | 100 |
Lovington 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 Lovington Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Lovington, 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 Lovington is $174,978.
The Median Rent in Lovington is $1,014.
The Median Income in Lovington is $68,821.
The Home Value To Income in Lovington is 2.5x.
The Rent To Monthly Income in Lovington is 0.18x.
| Statistic | Lovington | New Mexico | United States |
|---|---|---|---|
| Median Home Value | $174,978 | $316,750 | $332,700 |
| Median Rent | $1,014 | $1,067 | $1,413 |
| Median Income | $68,821 | $64,059 | $80,734 |
| Home Value To Income | 2.5x | 4.9x | 4.1x |
| Rent To Monthly Income | 0.18x | 0.2x | 0.21x |
Lovington, NM Costs By Category
Detailed Lovington Services costs vs. New Mexico
| Item | Lovington | 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 Lovington Groceries costs vs. New Mexico
| Item | Lovington | 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 Lovington Health costs vs. New Mexico
| Item | Lovington | New Mexico |
|---|---|---|
| Optometrist | $129.03 | $125.68 |
| Doctor | $113.33 | $135.78 |
| Dentist | $109.67 | $113.29 |
Detailed Lovington Transportation costs vs. New Mexico
| Item | Lovington | New Mexico |
|---|---|---|
| Gasoline | $3.26 | $3.46 |
| Tire Balancing | $55.19 | $59.92 |
Detailed Lovington Utilities costs vs. New Mexico
| Item | Lovington | New Mexico |
|---|---|---|
| All Electricity | $189.14 | $193.99 |
| Phone | $207.58 | $192.25 |
Lovington SnackAbility
Cost Of Living In Cities Around Lovington
The cost of living varies in the cities and towns around Lovington. Here's a quick look at the cost of living in the most populous nearby places:
Hobbs, NM has a cost of living index of 91, 1.0x Lovington.
Seminole, TX has a cost of living index of 87, 1.0x Lovington.
North Hobbs, NM has a cost of living index of 99, 1.1x Lovington.
| City | Population | Cost Of Living | Vs. Lovington |
|---|---|---|---|
| Hobbs, NM | 40,252 | 91 | 1.0x |
| Seminole, TX | 7,184 | 87 | 1.0x |
| North Hobbs, NM | 6,034 | 99 | 1.1x |
