Grants, NM vs Peralta, NM

The cost of living difference between Grants, NM and Peralta, NM is dramatic. Grants is 31.9% cheaper than Peralta, a gap that translates to thousands of dollars per year in household expenses. Grants has a cost index of 65 while Peralta sits at 96, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Grants is $750/month compared to $1,327/month in Peralta — a 44% difference. Home values follow the same pattern: Grants is more affordable at $123,600 median vs $275,000.

Median household income in Grants is $49,286 compared to $67,703 in Peralta (-27.2%). The higher salaries in Peralta partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Grants spend roughly 18.3% of their income on rent, less than the 23.5% in Peralta.