A-
Overall 16%
Goods & Services 10%
Housing 39%
Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; 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.
IndexRoswellNew MexicoNational
Cost of living8492100
Goods & Services9192100
Groceries10799100
Health care9799100
Housing6186100
Transportation9997100
Utilities8387100

Key findings

  • The cost of living in Roswell is 8% lower than the New Mexico average
  • The cost of living in Roswell is 16% lower than the national average
  • Roswell housing 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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Compare Roswell, NM Cost of Living

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      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$49,935$4,161$1,165$1,498
      Renters$29,525$2,460$689$886
      A good way to judge both the affordability of the housing and the cost of living in Roswell 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. Roswell has a median income of about $49,935 for people who own homes. Based on that number, a maximum of $1,165 should be spent 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 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%

      Goods & Services

      ItemRoswellNational avg.Difference
      Haircut $18.33$17.494.8%
      Beauty Salon $34.59$38.179.4%
      Toothpaste $2.33$2.320.4%
      Shampoo $1.08$1.016.7%
      Movie $10.75$10.720.2%
      Bowling $12.33$13.8611.0%

      Groceries

      ItemRoswellNational avg.Difference
      Ground Beef $4.49$3.9015.1%
      Fried Chicken $1.57$1.4012.5%
      Milk $2.20$1.9612.1%
      Potatoes $3.42$3.187.4%
      Pizza $9.99$10.393.9%
      Beer $8.32$9.239.9%

      Health Care

      ItemRoswellNational avg.Difference
      Optometrist $113.15$106.346.4%
      Doctor $104.40$115.259.4%
      Dentist $96.38$98.382.0%
      Ibuprofen $8.36$9.269.7%
      Lipitor $488.27$466.474.7%

      Housing

      ItemRoswellNational avg.Difference
      Home Price $100,700.00$184,700.0045.5%
      Avg. Mortgage Payment $1,016.21$1,273.3220.2%
      Apartment Rent $709.00$949.0025.3%

      Transportation

      ItemRoswellNational avg.Difference
      Gasoline $2.52$2.592.7%
      Tire Balancing $51.44$48.905.2%

      Utilities

      ItemRoswellNational avg.Difference
      All Electricity$116.21$167.6030.7%
      Phone $183.15$163.4212.1%
      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.
      Dexter, NM1,25481-19%
      Midway, NM1,04782-18%
      Roswell, NM48,40784-16%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      East Lansing, MI48,39596-4%
      Parker, CO48,44212222%
      Newark, OH48,47787-13%
      Antelope, CA48,32512121%
      Azusa, CA48,49813131%
      Roswell, NM48,40784-16%
      Source: The Roswell, NM cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.