Roswell, NM Cost Of Living
Cost Of Living In Roswell, NM Summary
Cost of living in Roswell research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Roswell is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New Mexico, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Roswell is 84, with 100 being the average.
The cost of living index in Roswell is 0.8x lower than the national average.
Roswell ranks as the #7 cheapest in New Mexico out of 45.
Roswell ranks as the #406 cheapest out of 6,489 in the US.
The median home value in Roswell is $169,414.
The median income in Roswell is $50,294.
Table Of Contents
Roswell's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Roswell, NM?
According to the most recent data on the cost of living, Roswell has an overall cost of living index of 84, which is 0.8x lower than the national index of 100.
Compared to New Mexico, Roswell has a cost of living index that's 0.9x lower than New Mexico's index of 95.
The standard of living in Roswell ranks as #7 most affordable out of the 45 places we measured in New Mexico. By definition, that implies Roswell ranks as the #38 most expensive place in the Land of Enchantment.
For more reading on life in Roswell, check out:
In New Mexico
In America
Roswell Cost Of Living Vs. New Mexico
Six factors go into calculating the cost of living index in Roswell. Here is how it fairs on each of the criteria:
The Services index in Roswell is 92.
The Groceries index in Roswell is 96.
The Health index in Roswell is 99.
The Housing index in Roswell is 69.
The Transportation index in Roswell is 97.
The Utilities index in Roswell is 80.
| Living Expense | Roswell | New Mexico | National Average | |
|---|---|---|---|---|
| Overall | 84 | 95 | 100 | |
| Services | 92 | 96 | 100 | |
| Groceries | 96 | 96 | 100 | |
| Health | 99 | 95 | 100 | |
| Housing | 69 | 87 | 100 | |
| Transportation | 97 | 93 | 100 | |
| Utilities | 80 | 89 | 100 | |
Roswell, 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 2019-2023. The key points are:
The Median Home Value in Roswell is $169,414.
The Median Rent in Roswell is $840.
The Median Income in Roswell is $50,294.
The Home Value To Income in Roswell is 3.4x.
The Rent To Monthly Income in Roswell is 0.2x.
| Statistic | Roswell | New Mexico | United States |
|---|---|---|---|
| Median Home Value | $169,414 | $311,815 | $303,400 |
| Median Rent | $840 | $1,021 | $1,348 |
| Median Income | $50,294 | $62,125 | $78,538 |
| Home Value To Income | 3.4x | 5.0x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Roswell, NM Costs By Category
Detailed Roswell Services Costs Vs. New Mexico
| Item | Roswell | New Mexico |
|---|---|---|
| Shampoo | $1.09 | $1.28 |
| Movie | $13.0 | $12.13 |
| Bowling | $14.33 | $18 |
| Haircut | $24.56 | $24.26 |
| Beauty Salon | $46.0 | $45.56 |
Detailed Roswell Groceries Costs Vs. New Mexico
| Item | Roswell | New Mexico |
|---|---|---|
| Ground Beef | $5.69 | $5.84 |
| Fried Chicken | $1.32 | $1.57 |
| Milk | $4.53 | $4.67 |
| Potatoes | $4.15 | $4.93 |
| Pizza | $12.38 | $12.09 |
| Beer | $10.68 | $10.41 |
| Toothpaste | $3.67 | $3.7 |
Detailed Roswell Health Costs Vs. New Mexico
| Item | Roswell | New Mexico |
|---|---|---|
| Optometrist | $150.67 | $125.68 |
| Doctor | $140.33 | $135.78 |
| Dentist | $113.72 | $113.29 |
Detailed Roswell Transportation Costs Vs. New Mexico
| Item | Roswell | New Mexico |
|---|---|---|
| Gasoline | $3.35 | $3.46 |
| Tire Balancing | $53.65 | $59.92 |
Detailed Roswell Utilities Costs Vs. New Mexico
| Item | Roswell | New Mexico |
|---|---|---|
| All Electricity | $192.0 | $193.99 |
| Phone | $189.63 | $192.25 |
Roswell SnackAbility
/10
Cost Of Living In Cities Around Roswell
The cost of living varies in the cities and towns around Roswell. Here's a quick look at the cost of living in the most populous nearby places:
Artesia, NM has a cost of living index of 99, 1.2x Roswell.
| City | Population | Cost Of Living | Vs. Roswell |
|---|---|---|---|
| Artesia, NM | 12,555 | 99 | 1.2x |
