Cost of Living in Grants, NM

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13%
Overall NAT. AVG.
1%
Groceries NAT. AVG.
38%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Grants New Mexico National
Cost of living8794100
Groceries9998100
Health care9798100
Housing6285100
Transportation10098100
Utilities9597100
Lifestyle & Entertainment9396100
Household Items9898100
Education & Childcare9996100
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Homes For Sale In Grants, NM

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1013 Elm Dr

Grants, NM
property for sale

1249 Seville Loop

Grants, NM
property for sale

713 Washington Ave

Grants, NM
property for sale

1017 Elm Dr

Grants, NM
See the Newest Homes For Sale In Grants, NM

Cost Of Living Quick Facts

  • The cost of living in Grants is 7% lower than the New Mexico average
  • The cost of living in Grants is 13% lower than the national average
  • Grants housing is 38% lower than the national average
  • New Mexico general sales tax is 2% lower than the national average
  • New Mexico state income tax is 35% lower than the national average

Most Affordable Places to Live in and Around Grants

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      Salary Calculator

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      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$79,469$6,622$1,854$2,384
      Renters$51,244$4,270$1,196$1,537
      A good way to judge both the affordability of the housing and the cost of living in Grants is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Grants has a median income of about $79,469 for people who own homes. Based on that number, a maximum of $1,854 should be spent on expenses related to housing. Renters have a slightly different median income, which is $51,244. Based on this average, renters should spend no more than $1,196 on all rental costs if they want to maintain a non-impoverished standard of living.

      New Mexico Sales Tax

      State General Sales Tax With Max Surtax
      New Mexico 5% 8.688%

      New Mexico Income Tax

      State Income Tax (Low) Income Tax (High)
      New Mexico 1.7% 5.9%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      San Fidel, NM487982.3%
      Bluewater Village, NM66973.2%
      Acomita Lake, NM775982.3%
      San Mateo, NM200973.2%
      Milan, NM3,7458019.9%
      Grants, NM9,3338712.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Fairview, TX9,33913232.0%
      Grosse Pointe Farms, MI9,34012322.6%
      Leonia, NJ9,32415353.2%
      Hernando, FL9,319928.3%
      Garden City, GA9,315946.3%
      Grants, NM9,3338712.9%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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