Chaparral, NM vs Farmington, NM

There is a significant gap in the cost of living between these two cities. Chaparral is 16.1% cheaper than Farmington. With a cost index of 66 vs 79, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Chaparral to Farmington should plan for substantially higher expenses across most categories.

On the housing front, median rent in Chaparral is $874/month compared to $993/month in Farmington — a 12% difference. Home values follow the same pattern: Chaparral is more affordable at $101,900 median vs $225,400.

Median household income in Chaparral is $46,102 compared to $63,745 in Farmington (-27.7%). While Farmington is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Chaparral spend roughly 22.7% of their income on rent, more than the 18.7% in Farmington.