A wise sage once said:
“She works hard for the money…”
And these places in New Mexico definitely treat her right.
You see, these are the places in New Mexico where the cost of living is the lowest; where your salary goes the furthest. And when if you have the luxury of choosing where to live in the Land of Enchantment, then the cost of living should play a role in the decision.
So we did the hard for you and crunched the numbers to find the cities that have lower food, energy, and housing costs. After the dust settled on our analysis of the 30 largest places in New Mexico, we were left with this set of the best value for your money.
- Raton (Photos | Homes For Sale)
- Las Vegas (Photos | Homes For Sale)
- Tucumcari (Photos | Homes For Sale)
- Roswell (Photos | Homes For Sale)
- Portales (Photos | Homes For Sale)
- Taos (Photos | Homes For Sale)
- Santa Fe (Photos | Homes For Sale)
- Clovis (Photos | Homes For Sale)
- Anthony (Photos | Homes For Sale)
- Sunland Park (Photos | Homes For Sale)
So listen up Rio Rancho (the most expensive place in New Mexico) as we explain how we created this ranking. You could learn some things from the rest of the state.
And if you already knew these places were cheap, check out some more reading about New Mexico and the cheapest places in the country:
How We Determined The Cheapest Places To Live In The Land of Enchantment For 2018
There are basic necessities that you have to buy no matter where in the country you live. Those things include:
- Health Insurance
You can then compare the cost of these things in each of the places in New Mexico to figure out which is the least expensive.
What you are left with is a “Cost of Living Index” that normalizes to 100 for an average place in the United States.
So we used that cost of living index in order to rank all of the 30 places in New Mexico that have more than 5,000 people.
And just so you can better understand how the cost of living index works, 100 is the average cost of a place in the United States. A score of 90 means that the place cost 10% less than average. A score of 90 means it’s 10% less expensive.
San Francisco has a score of 243 meaning it’s almost 2.5 times as expensive as the average place in the country.
Raton is a city and the county seat of Colfax County in northeastern New Mexico. The city is located just south of Raton Pass.
Las Vegas is a city in and the county seat of San Miguel County, New Mexico, United States. Once two separate municipalities both named Las Vegas, west Las Vegas and east Las Vegas, separated by the Gallinas River, retain distinct characters and separate, rival school districts. The population was 14,565 at the 2000 census. Las Vegas, NM is located 110 miles south of Raton, New Mexico, 65 miles east of Santa Fe, New Mexico, 122 miles northeast of Albuquerque, New Mexico, 257 miles south of Colorado Springs, Colorado, and 326 miles south of Denver, Colorado.
Tucumcari is a city in and the county seat of Quay County, New Mexico, United States. The population was 5,363 at the 2010 census. Tucumcari was founded in 1901, two years before Quay County was founded.
Roswell is a city in New Mexico. It is the county seat of Chaves County in the southeastern quarter of the state of New Mexico, United States. As of the 2010 census it had a population of 48,411, making it the fifth-largest city in New Mexico. It is a center for irrigated farming, dairying, ranching, manufacturing, distribution, and petroleum production. It is also the home of New Mexico Military Institute, founded in 1891. Bitter Lake National Wildlife Refuge is located a few miles northeast of the city on the Pecos River. Bottomless Lakes State Park is located 12 miles east of Roswell on US 380.
Portales is a city in and the county seat of Roosevelt County, New Mexico, United States. The population was 12,280 at the 2010 census. Portales is located near the larger city of Clovis as well as Cannon Air Force Base, a major contributor to the economy of the region.
Taos is a town in Taos County in the north-central region of New Mexico in the Sangre de Cristo Mountains, incorporated in 1934. As of the 2010 census, its population was 5,716. Other nearby communities include Ranchos de Taos, Caon, Taos Canyon, Ranchitos, El Prado, and Arroyo Seco. The town is close to Taos Pueblo, the Native American village and tribe from which it takes its name.
Santa Fe is the capital of the state of New Mexico. It is the fourth-largest city in the state and the seat of Santa Fe County.
Clovis is the county seat of Curry County, New Mexico, United States, with a population of 37,775 as of the 2010 census, and a 2014 estimated population of 39,860. Clovis is located in the New Mexico portion of the Llano Estacado, in the eastern part of the state.
Sunland Park is a city in southern Doa Ana County, New Mexico, United States, on the borders of Texas and the Mexican state of Chihuahua, with Ciudad Jurez adjoining it on the south and El Paso, Texas on the east. The community of Santa Teresa adjoins it on the northwest. The population of Sunland Park was 14,106 at the 2010 census and was estimated at 15,400 by the United States Census Bureau in 2014. Though it lies adjacent to El Paso, being in Doa Ana County makes it a part of the Las Cruces metropolitan statistical area. Las Cruces is 42 miles to the north.
There You Have It Mr. Or Mrs. New Mexico Cheapskate
If you’re looking at the cost of living numbers in New Mexico, this is an accurate list of the cheapest places to call home.
Here’s a look at the most expensive cities in New Mexico according to the data:
- Rio Rancho
For more New Mexico reading, check out:
- These Are The 10 Best Counties To Live In New Mexico
- These Are The 10 Best Places To Retire In New Mexico For 2018
- These Are The 10 Richest Cities In New Mexico
Detailed List Of The Cheapest Places In New Mexico