Most Affordable Cities in New Mexico

Cost of living rankings for 46 cities in New Mexico with uncapped home, rent, and income estimates. On average, New Mexico is near the national average with a statewide average Cost Index of 96.

1 source baseline is past its update cadence — newer official vintage not reflected

Cheapest City

Tucumcari

Index: 69

Most Expensive

Los Ranchos de Albuquerque

Index: 145

State Average

National: 100

Cities Ranked

eligible statewide total

New Mexico Affordability Ranking

Showing 1–46 of 46 eligible cities — 46 on this page. Page 1 of 1.

#	City	Index	Home Value	Rent	Income
1	Tucumcari	69	$88,048	$1,019	$31,844
2	Zuni Pueblo	70	$81,700	$1,140	$45,724
3	Shiprock	72	$104,400	$1,116	$35,900
4	Portales	75	$138,873	$1,014	$50,555
5	Raton	76	$150,910	$1,014	$52,641
6	El Cerro Mission	76	$115,300	$1,384	$49,470
7	Deming	77	$159,235	$1,014	$34,165
8	Truth or Consequences	77	$157,766	$1,014	$33,788
9	Grants	78	$161,978	$1,022	$47,183
10	Clovis	81	$164,546	$1,271	$54,820
11	Roswell	82	$176,603	$1,302	$51,583
12	Socorro	82	$199,178	$1,014	$39,375
13	Chaparral	85	$228,579	$1,073	$46,017
14	Sunland Park	85	$226,688	$1,073	$62,814
15	Lovington	85	$194,790	$1,327	$68,821
16	Gallup	86	$221,673	$1,140	$58,303
17	Anthony	86	$239,239	$1,073	$38,132
18	Hobbs	88	$216,560	$1,373	$64,021
19	Las Vegas	88	$238,186	$1,077	$45,125
20	Silver City	88	$222,202	$1,371	$38,711
21	South Valley	89	$224,300	$1,384	$58,224
22	Bloomfield	90	$267,184	$1,116	$48,472
23	Alamogordo	91	$223,281	$1,560	$55,952
24	North Hobbs	93	$264,400	$1,327	$82,554
25	Artesia	94	$249,252	$1,633	$74,915
26	Belen	94	$272,375	$1,384	$42,627
27	Farmington	95	$289,574	$1,317	$68,784
28	Las Cruces	96	$290,170	$1,446	$55,422
29	Carlsbad	96	$256,596	$1,658	$72,306
30	Ruidoso	97	$320,278	$1,063	$52,736
31	Aztec	97	$283,483	$1,613	$41,977
32	North Valley	98	$302,700	$1,384	$61,498
33	Española	99	$347,688	$1,014	$47,667
34	Bernalillo	102	$343,632	$1,384	$63,880
35	Albuquerque	103	$345,503	$1,455	$68,317
36	Santa Teresa	103	$317,541	$1,722	$63,161
37	Los Lunas	108	$331,123	$2,071	$62,330
38	Rio Rancho	110	$361,320	$1,915	$89,596
39	Edgewood	110	$381,569	$1,735	$84,761
40	Taos	120	$437,444	$2,008	$47,304
41	White Rock	126	$500,700	$1,874	$156,639
42	Santa Fe	135	$581,279	$1,925	$73,482
43	Eldorado at Santa Fe	135	$591,900	$1,735	$106,633
44	Los Alamos	143	$581,096	$2,541	$141,018
45	Corrales	143	$700,444	$1,384	$102,307
46	Los Ranchos de Albuquerque	145	$713,376	$1,384	$72,992

2026 edition — based on ACS 2024, Zillow 2026-08, HUD FY2027, and BEA 2024 dated sources. The edition year is not the observation year.

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