Cost of Living in Los Chaves, NM

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A+
5%
Overall NAT. AVG.
1%
Groceries NAT. AVG.
11%
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 Los Chaves New Mexico National
Cost of living9594100
Groceries9998100
Health care9798100
Housing8985100
Transportation10098100
Utilities9597100
Lifestyle & Entertainment9396100
Household Items9898100
Education & Childcare9996100
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Homes For Sale In Los Chaves, NM

property for sale

19535 NM-314 Unit 9E

Belen, NM
property for sale

19474 NM-314

Belen, NM
property for sale

10 Antonio Garley Ln

Belen, NM
property for sale

1230 John Rd

Belen, NM

Cost Of Living Quick Facts

  • The cost of living in Los Chaves is 1% higher than the New Mexico average
  • The cost of living in Los Chaves is 5% lower than the national average
  • Los Chaves housing is 11% 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 Los Chaves

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Compare Los Chaves, 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
      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$115,626$9,636$2,698$3,469
      Renters$0$0$0$0
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Los Chaves, 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 Los Chaves, homeowners have a median income of $115,626. Using that number, a maximum of $2,698 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $0, which means there is a maximum of $0 to be spent on the costs of renting a home or apartment.

      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.
      Adelino, NM1,137982.3%
      Chical, NM209982.3%
      Isleta Village Proper, NM5028317.3%
      Meadow Lake, NM4,3788316.8%
      Jarales, NM2,2628416.1%
      Los Chaves, NM5,075954.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Watseka, IL5,0758515.0%
      Winslow, ME5,075954.8%
      Medical Lake, WA5,0751077.2%
      Pascoag, RI5,0741099.1%
      Hazard, KY5,0768811.9%
      Los Chaves, NM5,075954.9%
      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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