Roswell 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.
IndexRoswellNew MexicoNational
Cost of living index8592100
IndexRoswellNew MexicoNational
Goods & Services index9194100
Groceries index116105100
Health care index105103100
Housing index6186100
Transportation index98100100
Utilities index7278100
The above illustration supplies generalized information for the Roswell, NM cost of living index. Compared to other cities in New Mexico and cities across the country, the cost of living index in Roswell, NM is 85, which is 8% lower than the New Mexico average and 15% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Roswell, NM are 3% lower than the average for New Mexico and 9% lower than the rest of the country.

Did you know?

  • The cost of living in Roswell is 8% lower than the New Mexico average.
  • The cost of living in Roswell is 15% lower than the national average.
  • The cost of housing in Roswell is 39% 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

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
The salary calculator is meant to help you compare your salary in Roswell, NM to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Roswell, NM, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Roswell, NM salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Roswell, NM, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Roswell, NM has a median income of about $49,935 for people who own homes. Based on that number, a person should spend a maximum of $1,165 on expenses related to housing. Renters have a slightly different median income, which is $29,525. Based on this average, renters should spend no more than $689 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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 Roswell, 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

ItemRoswellNational avg.Difference
Haircut $16.58$16.093.1%
Beauty Salon $54.29$37.3345.4%
Toothpaste $2.45$2.450.0%
Shampoo $1.07$1.007.2%
Movie $9.39$10.288.7%
Bowling $4.01$4.9318.7%


ItemRoswellNational avg.Difference
Ground Beef $3.99$3.805.0%
Fried Chicken $2.25$1.4060.9%
Milk $2.31$2.0115.2%
Potatoes $2.57$3.0114.5%
Pizza $9.94$9.890.5%
Beer $7.93$8.9010.9%

Health Care

ItemRoswellNational avg.Difference
Optometrist $95.35$102.166.7%
Doctor $124.44$108.3614.8%
Dentist $95.75$92.533.5%
Ibuprofen $9.11$9.281.8%
Lipitor $427.36$425.820.4%


ItemRoswellNational avg.Difference
Home Price $100,700.00$184,700.0045.5%
Avg. Mortgage Payment $1,028.72$1,202.4414.4%
Apartment Rent $709.00$949.0025.3%


ItemRoswellNational avg.Difference
Gasoline $2.14$2.244.7%
Tire Balancing $47.69$46.293.0%


ItemRoswellNational avg.Difference
All Electricity$109.47$165.9634.0%
Phone $22.69$28.6820.9%
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.
Dexter, NM1,25482-18%
Midway, NM1,04783-17%
Roswell, NM48,40785-15%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
East Lansing, MI48,39596-4%
Parker, CO48,44212323%
Newark, OH48,47786-14%
Antelope, CA48,32511818%
Azusa, CA48,49812929%
Roswell, NM48,40785-15%
Source: The Roswell, NM cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.