Los Chaves, NM vs Lovington, NM

Los Chaves, NM and Lovington, NM have a very similar cost of living, with only a 1% difference in their overall index. Los Chaves scores 79 while Lovington scores 78 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 Los Chaves is $860/month compared to $1,063/month in Lovington — a 19% difference. Interestingly, home values tell a different story: while Los Chaves has cheaper rent, Lovington actually has lower median home values ($162,900 vs $240,500).

Median household income in Los Chaves is $81,320 compared to $67,284 in Lovington (+20.9%). While Los Chaves is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Los Chaves spend roughly 12.7% of their income on rent, less than the 19% in Lovington.