Lovington, NM Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-08
86
Lovington's Overall Cost Of Living
0.9x
Lower Than The National Average
18 out of 44
In New Mexico
938 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 Lovington is expensive, while a number below 100 means it's a relatively cheap place to live.

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 86 which is 0.9x lower than the national index of 100.

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

The standard of living in Lovington ranks as #938 most affordable out of the 6,418 places we measured in New Mexico. By definition, that implies Lovington ranks as the #5,481 most expensive place in the Land of Enchantment.

For more reading on life in Lovington, check out:

Lovington Cost Of Living Vs. New Mexico

Living Expense Lovington New Mexico National Average
Overall 86 92 100
Services 99 92 100
Groceries 95 94 100
Health 100 98 100
Housing 57 87 100
Transportation 84 88 100
Utilities 89 91 100
For more reading on cost of living around New Mexico, check out:
Lovington Cost of Living Vs. NM

Lovington, 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.

$121,000
Median Home Value
$808
Median Rent
$60,401
Median Income
Statistic Lovington New Mexico United States
Median Home Value $121,000 $175,700 $229,800
Median Rent $808 $857 $1,096
Median Income $60,401 $51,243 $64,994
Home Value To Income 2.0x 3.4x 3.5x
Rent To Monthly Income 0.16x 0.2x 0.2x

Detailed Lovington Services Costs Vs. New Mexico

Item Lovington New Mexico
Shampoo $0.94 $1.06
Movie $10.81 $10.68
Bowling $18.17 $14.67

Detailed Lovington Groceries Costs Vs. New Mexico

Item Lovington New Mexico
Ground Beef $4.2 $4.22
Fried Chicken $1.18 $1.39
Milk $1.95 $2.05

Detailed Lovington Health Costs Vs. New Mexico

Item Lovington New Mexico
Haircut $14.8 $18.62
Beauty Salon $41.78 $39.05
Toothpaste $2.24 $2.34

Detailed Lovington Transportation Costs Vs. New Mexico

Item Lovington New Mexico
Potatoes $3.35 $3.29
Pizza $8.61 $10.62
Beer $9.45 $9.38
Optometrist $104.47 $108.57
Doctor $121.16 $116.17
Dentist $96.58 $99.13

Detailed Lovington Utilities Costs Vs. New Mexico

Item Lovington New Mexico
Gasoline $1.91 $2.22
Tire Balancing $43.32 $50.07
All Electricity $131.24 $167.67
Phone $184.73 $175.64

Lovington SnackAbility

5
/10
Overall SnackAbility
Jobs
6/10
Housing
6
Affordability
8.5
Diversity
8
Safety
N/A
Amenities
8.5
Education
3
Commute
5

Cost Of Living In Cities Around Lovington

City Population Cost Of Living Vs. Lovington
Hobbs, NM 38,475 88 1.0x
Seminole, TX 7,683 89 1.0x
North Hobbs, NM 5,860 96 1.1x

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