Lovington, NM Cost Of Living

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Updated: 2020-03-08
83
Lovington's Overall Cost Of Living
0.8x
Lower Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Lovington is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Lovington, NM?

According to the most recent data on the cost of living, Lovington has an overall cost of living index of 83 which is 0.8x lower than the national index of 100.

Compared to only New Mexico, Lovington has a cost of living index that's 0.9x lower than New Mexico's index of 92.

The standard of living in Lovington ranks as #522 most affordable out of the 6522 places we measured in New Mexico. By definition, that implies Lovington ranks as the #5884 most expensive place in the Land of Enchantment.

Lovington Cost Of Living Vs. New Mexico

Living Expense Lovington New Mexico National Average
Overall 83 92 100
Services 97 92 100
Groceries 95 99 100
Health 100 99 100
Housing 59 86 100
Transportation 85 97 100
Utilities 86 87 100
For more reading on cost of living around New Mexico, check out:
Lovington Cost of Living Vs. NM

Lovington, NM Housing Cost Breakdown

Housing swings affordability the most between places in New Mexico, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$111,300
Median Home Value
$803
Median Rent
$51,704
Median Income
Statistic Lovington New Mexico United States
Median Home Value $111,300 $166,800 $204,900
Median Rent $803 $828 $1,023
Median Income $51,704 $48,059 $60,293
Home Value To Income 2.2x 3.5x 3.4x
Rent To Monthly Income 0.19x 0.21x 0.2x

Lovington SnackAbility

5
/10
Overall SnackAbility
Jobs
6/10
Housing
6
Affordability
8.5
Diversity
8
Safety
7
Amenities
8.5
Education
3
Commute
6

Cost Of Living In Cities Around Lovington

City Population Cost Of Living Vs. Lovington
Hobbs, NM 38,052 88 1.1x
Seminole, TX 7,460 92 1.1x
North Hobbs, NM 6,068 94 1.1x

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