Chaparral, NM vs Grants, NM

Chaparral, NM and Grants, NM have a very similar cost of living, with only a 1.9% difference in their overall index. Chaparral scores 66 while Grants scores 65 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 $750/month in Grants — a 17% difference. Interestingly, home values tell a different story: while Grants has cheaper rent, Chaparral actually has lower median home values ($101,900 vs $123,600).

Median household income in Chaparral is $46,102 compared to $49,286 in Grants (-6.5%). Grants offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Chaparral spend roughly 22.7% of their income on rent, more than the 18.3% in Grants.