Chaparral, NM vs Las Vegas, NM

Chaparral, NM and Las Vegas, NM have a very similar cost of living, with only a 0.2% difference in their overall index. Chaparral scores 66 while Las Vegas scores 66 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 $731/month in Las Vegas — a 20% difference. Interestingly, home values tell a different story: while Las Vegas has cheaper rent, Chaparral actually has lower median home values ($101,900 vs $143,900).

Median household income in Chaparral is $46,102 compared to $42,732 in Las Vegas (+7.9%). While Chaparral 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 20.5% in Las Vegas.