Chaparral, NM vs Gallup, NM

Chaparral, NM and Gallup, NM have a very similar cost of living, with only a 4.2% difference in their overall index. Chaparral scores 66 while Gallup scores 69 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 Chaparral is $874/month compared to $858/month in Gallup — a 2% difference. Interestingly, home values tell a different story: while Gallup has cheaper rent, Chaparral actually has lower median home values ($101,900 vs $134,600).

Median household income in Chaparral is $46,102 compared to $57,466 in Gallup (-19.8%). While Gallup 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 17.9% in Gallup.