A-
Overall 16%
Goods & Services 2%
Housing 50%
Date & Last Updated: This data reflects 2020 and was released from C2ER in January, 2021; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
IndexChaparralNew MexicoNational
Cost of living8491100
Goods & Services9891100
Groceries10896100
Health care9898100
Housing5086100
Transportation10090100
Utilities9191100

Key findings

  • The cost of living in Chaparral is 7% lower than the New Mexico average
  • The cost of living in Chaparral is 16% lower than the national average
  • Chaparral housing is 50% lower than the national average
  • New Mexico general sales tax is 1% higher than the national average
  • New Mexico state income tax is 31% lower than the national average

Most Affordable Places to Live in and Around Chaparral

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Compare Chaparral, NM Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$27,536$2,295$642$826
      Renters$20,938$1,745$489$628
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Chaparral, NM, as well as what the overall cost of living might be. 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 payments and not more than 36 percent of income on all expenses and debts. In Chaparral, homeowners have a median income of $27,536. Using that number, a maximum of $642 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $20,938, which means there is a maximum of $489 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%

      Goods & Services

      ItemChaparralNational avg.Difference
      Haircut $17.06$18.628.4%
      Beauty Salon $30.42$39.0522.1%
      Toothpaste $2.20$2.346.0%
      Shampoo $1.37$1.0629.7%
      Movie $10.03$10.686.1%
      Bowling $14.85$14.671.2%

      Groceries

      ItemChaparralNational avg.Difference
      Ground Beef $4.27$4.221.1%
      Fried Chicken $2.02$1.3945.5%
      Milk $2.67$2.0530.1%
      Potatoes $4.21$3.2927.9%
      Pizza $10.27$10.623.4%
      Beer $9.96$9.386.2%

      Health Care

      ItemChaparralNational avg.Difference
      Optometrist $87.16$108.5719.7%
      Doctor $133.61$116.1715.0%
      Dentist $82.94$99.1316.3%
      Ibuprofen $10.39$9.687.4%
      Lipitor $487.96$466.924.5%

      Housing

      ItemChaparralNational avg.Difference
      Home Price $67,900.00$184,700.0063.2%
      Avg. Mortgage Payment $783.48$1,197.4234.6%
      Apartment Rent $777.00$949.0018.1%

      Transportation

      ItemChaparralNational avg.Difference
      Gasoline $2.15$2.223.3%
      Tire Balancing $52.13$50.074.1%

      Utilities

      ItemChaparralNational avg.Difference
      All Electricity$139.01$167.6717.1%
      Phone $185.48$175.645.6%
      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.
      Vado, NM1,92177-23%
      Berino, NM1,82477-23%
      Homestead Meadows North, TX4,84083-17%
      Canutillo, TX5,69584-16%
      Anthony, NM9,45984-16%
      Chaparral, NM14,09584-16%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Fort Payne, AL14,10184-16%
      Whitefish Bay, WI14,08811818%
      Mount Washington, KY14,08895-5%
      Reidsville, NC14,10785-15%
      Washington Court House, OH14,11584-16%
      Chaparral, NM14,09584-16%
      Source: The Chaparral, NM cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2020.