Grants, NM Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Grants, NM Summary

Cost of living in Grants 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 Grants 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 Grants is 82, with 100 being the average.

  • The cost of living index in Grants is 0.8x lower than the national average.

  • Grants ranks as the #7 cheapest in New Mexico out of 44.

  • Grants ranks as the #377 cheapest out of 6,412 in the US.

  • The median home value in Grants is $107,500.

  • The median income in Grants is $44,782.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
82
Grants's Overall Cost Of Living
0.8x
Lower Than The National Average

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 New Mexico, Grants has a cost of living index that's 0.9x lower than New Mexico's index of 94.

The standard of living in Grants ranks as #7 most affordable out of the 44 places we measured in New Mexico. By definition, that implies Grants ranks as the #37 most expensive place in the Land of Enchantment.

For more reading on life in Grants, check out:

7 out of 44
In New Mexico
377 out of 6,412
In America

Grants Cost Of Living Vs. New Mexico

Six factors go into calculating the cost of living index in Grants. Here is how it fairs on each of the criteria:

  • The Services index in Grants is 88.

  • The Groceries index in Grants is 95.

  • The Health index in Grants is 99.

  • The Housing index in Grants is 54.

  • The Transportation index in Grants is 88.

  • The Utilities index in Grants is 94.

Living Expense Grants New Mexico National Average
Overall 82 94 100
Services 88 97 100
Groceries 95 96 100
Health 99 100 100
Housing 54 88 100
Transportation 88 96 100
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 housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Grants is $107,500.

  • The Median Rent in Grants is $766.

  • The Median Income in Grants is $44,782.

  • The Home Value To Income in Grants is 2.4x.

  • The Rent To Monthly Income in Grants is 0.21x.

Statistic Grants New Mexico United States
Median Home Value $107,500 $184,800 $244,900
Median Rent $766 $897 $1,163
Median Income $44,782 $54,020 $69,021
Home Value To Income 2.4x 3.4x 3.5x
Rent To Monthly Income 0.21x 0.2x 0.2x
Search Homes For Sale In Grants, NM
$107,500
Median Home Value
$766
Median Rent
$44,782
Median Income

Grants, NM Costs By Category

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
Haircut $18.38 $18.62
Beauty Salon $35.53 $39.05

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
Potatoes $3.05 $3.29
Pizza $9.67 $10.62
Beer $8.22 $9.38
Toothpaste $2.79 $2.34

Detailed Grants Health Costs Vs. New Mexico

Item Grants New Mexico
Optometrist $118.86 $108.57
Doctor $127.67 $116.17
Dentist $86.56 $99.13

Detailed Grants Transportation Costs Vs. New Mexico

Item Grants New Mexico
Gasoline $1.97 $2.22
Tire Balancing $40.79 $50.07

Detailed Grants Utilities Costs Vs. New Mexico

Item Grants New Mexico
All Electricity $150.01 $167.67
Phone $183.97 $175.64

Grants SnackAbility

5
/10
Overall SnackAbility
Jobs
5/10
Housing
5
Affordability
8
Diversity
9.5
Safety
N/A
Amenities
7
Education
5
Commute
10

Articles About New Mexico

Enjoy The Snack?