Chaparral, NM vs Santa Teresa, NM

There is a significant gap in the cost of living between these two cities. Chaparral is 24.1% cheaper than Santa Teresa. With a cost index of 66 vs 87, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Chaparral to Santa Teresa should plan for substantially higher expenses across most categories.

On the housing front, median rent in Chaparral is $874/month compared to $1,259/month in Santa Teresa — a 31% difference. Home values follow the same pattern: Chaparral is more affordable at $101,900 median vs $216,600.

Median household income in Chaparral is $46,102 compared to $60,759 in Santa Teresa (-24.1%). The higher salaries in Santa Teresa partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Chaparral spend roughly 22.7% of their income on rent, less than the 24.9% in Santa Teresa.