Artesia, NM vs Los Chaves, NM

Artesia, NM and Los Chaves, NM have a very similar cost of living, with only a 2.9% difference in their overall index. Artesia scores 76 while Los Chaves scores 79 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Artesia is $875/month compared to $860/month in Los Chaves — a 2% difference. Interestingly, home values tell a different story: while Los Chaves has cheaper rent, Artesia actually has lower median home values ($213,800 vs $240,500).

Median household income in Artesia is $77,647 compared to $81,320 in Los Chaves (-4.5%). While Los Chaves is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Artesia spend roughly 13.5% of their income on rent, more than the 12.7% in Los Chaves.