Gallup 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.
IndexGallupNew MexicoNational
Cost of living index88n/a100
IndexGallupNew MexicoNational
Goods & Services index92n/a100
Groceries index93n/a100
Health care index95n/a100
Housing index74n/a100
Transportation index100n/a100
Utilities index95n/a100
Here we can see a simple outline of the cost of living in Gallup, NM. As you can see, with the average cost of living in Gallup, NM being 88, that puts it equal to the average of New Mexico and 12% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Gallup, NM, the price of goods and services are equal to the average of New Mexico as well as 8% lower than the nation's average.

Did you know?

  • The cost of living in Gallup is equal to the New Mexico average.
  • The cost of living in Gallup is 12% lower than the national average.
  • The cost of housing in Gallup is 26% 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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Salary Calculator

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Groceries index
Health care index
Housing index
Transportation index
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Use the salary calculator to compare your current salary in Gallup, NM to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Gallup, NM, then you would need to earn more income in order to maintain the same standard of living. To use the Gallup, NM salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$59,977$4,998$1,399$1,799
Renters$21,371$1,781$499$641
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Gallup, 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 Gallup, NM homeowners have a median income of $59,977. Using that number, you will come up with a maximum of $1,399 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $21,371, which means there is a maximum of $499 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%
When assessing the complete cost of living in Gallup, NM, the New Mexico income tax and the New Mexico sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The New Mexico maximum surtax is 8.688%, and the New Mexico sales tax is 5.125%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 1.7% to 4.9% in New Mexico.

Goods & Services

ItemGallupNational avg.Difference
Haircut $13.17$14.599.8%
Beauty Salon $26.66$34.6823.1%
Toothpaste $2.03$2.4717.9%
Shampoo $0.96$1.026.1%
Movie $8.50$9.8713.9%
Bowling $3.25$4.3926.0%

Groceries

ItemGallupNational avg.Difference
Ground Beef $4.10$4.488.4%
Fried Chicken $1.54$1.465.2%
Milk $1.67$2.3629.1%
Potatoes $3.49$3.0614.0%
Pizza $8.00$9.2413.4%
Beer $8.04$8.636.9%

Health Care

ItemGallupNational avg.Difference
Optometrist $97.80$99.782.0%
Doctor $96.20$105.038.4%
Dentist $85.75$88.703.3%
Ibuprofen $8.61$9.418.5%
Lipitor $288.75$298.503.3%

Housing

ItemGallupNational avg.Difference
Home Price $134,900.00$175,700.0023.2%
Avg. Mortgage Payment $1,112.00$1,081.032.9%
Apartment Rent $613.00$920.0033.4%

Transportation

ItemGallupNational avg.Difference
Gasoline $2.18$2.094.3%
Tire Balancing $39.20$45.2913.4%

Utilities

ItemGallupNational avg.Difference
All Electricity$169.27$170.800.9%
Phone $25.39$28.2610.1%
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.
Yah-ta-hey, NM40772-28%
Rock Springs, NM27776-24%
Twin Lakes, NM89583-17%
Church Rock, NM1,05885-15%
Gallup, NM22,18988-12%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Alliance, OH22,19685-15%
Millbrae, CA22,177210110%
Brent, FL22,17587-13%
East Patchogue, NY22,20313636%
Bloomingdale, IL22,20811818%
Gallup, NM22,18988-12%
Source: The Gallup, NM cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.