Chaparral, NM vs Lovington, NM

Chaparral is moderately more affordable than Lovington, with a 14.7% lower cost of living index. Chaparral scores 66 compared to 78 for Lovington, where the US average is 100. This difference means residents of Lovington can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Chaparral is $874/month compared to $1,063/month in Lovington — a 18% difference. Home values follow the same pattern: Chaparral is more affordable at $101,900 median vs $162,900.

Median household income in Chaparral is $46,102 compared to $67,284 in Lovington (-31.5%). While Lovington 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 19% in Lovington.