Chaparral cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexChaparralNew MexicoNational
Cost of living index8294100
IndexChaparralNew MexicoNational
Goods & Services index8795100
Groceries index106105100
Health care index96100100
Housing index5489100
Transportation index103100100
Utilities index9290100
A general summary of the cost of living index in Chaparral, NM is shown above. Compared to the state average of New Mexico the cost of living index in Chaparral, NM is 82, which is 13% lower than the average in New Mexico and compared to the national average it is 18% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Chaparral, NM goods and services come in at 8% lower than the average in New Mexico and are 13% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Chaparral is 13% lower than the New Mexico average.
  • The cost of living in Chaparral is 18% lower than the national average.
  • The cost of housing in Chaparral is 46% lower than the national average.
  • New Mexico general sales tax is 1% higher than the national average.
  • New Mexico state income tax is 24% lower than the national average.

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Compare Chaparral, NM Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
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Health care index
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Using the salary calculator lets you compare the salary you earn in Chaparral, NM to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Chaparral, NM, you have to earn a higher income in order to still have the same standard of living. To operate the Chaparral, NM salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$33,179$2,765$774$995
Renters$26,769$2,231$625$803
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Chaparral, NM, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Chaparral, NM homeowners have a median income of $33,179. Using that number, you will come up with a maximum of $774 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $26,769, which means there is a maximum of $625 to be spent on the costs of renting a home or apartment.

New Mexico Sales Tax

StateGeneral Sales TaxWith Max Surtax
New Mexico5.125%8.688%

New Mexico Income Tax

StateIncome Tax (Low)Income Tax (High)
New Mexico1.7%4.9%
One thing to keep in mind when considering the cost of living in Chaparral, NM is the New Mexico sales tax and New Mexico income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The New Mexico sales tax rate is 5.125% and the maximum surtax that can be charged is 8.688%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The New Mexico income tax rates range from 1.7% to 4.9%.

Goods & Services

ItemChaparralNational avg.Difference
Haircut $13.21$15.5615.1%
Beauty Salon $28.88$36.1120.0%
Toothpaste $2.12$2.4714.1%
Shampoo $0.92$0.964.7%
Movie $9.82$10.133.0%
Bowling $3.54$4.7425.2%

Groceries

ItemChaparralNational avg.Difference
Ground Beef $4.24$3.986.3%
Fried Chicken $1.38$1.411.9%
Milk $2.10$2.061.8%
Potatoes $2.91$2.982.4%
Pizza $8.66$9.478.6%
Beer $9.14$8.793.9%

Health Care

ItemChaparralNational avg.Difference
Optometrist $73.38$101.0427.4%
Doctor $88.89$107.4417.3%
Dentist $93.97$90.423.9%
Ibuprofen $9.65$9.284.0%
Lipitor $435.07$426.502.0%

Housing

ItemChaparralNational avg.Difference
Home Price $66,800.00$175,700.0062.0%
Avg. Mortgage Payment $825.41$1,133.2327.2%
Apartment Rent $848.00$920.007.8%

Transportation

ItemChaparralNational avg.Difference
Gasoline $1.90$1.994.8%
Tire Balancing $54.65$45.7619.4%

Utilities

ItemChaparralNational avg.Difference
All Electricity$147.58$163.819.9%
Phone $26.95$28.395.1%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Berino, NM1,67481-19%
Westway, TX3,93878-22%
Vado, NM2,78183-17%
Vinton, TX1,52979-21%
Homestead Meadows North, TX4,97480-20%
Chaparral, NM13,90582-18%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hewitt, TX13,90592-8%
Oneonta, NY13,90698-2%
Bradley Gardens, NJ13,90214242%
Moberly, MO13,89886-14%
Swampscott, MA13,91215252%
Chaparral, NM13,90582-18%
Source: The Chaparral, NM cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.