Loving, NM vs Peralta, NM

Loving is moderately more affordable than Peralta, with a 12% lower cost of living index. Loving scores 84 compared to 96 for Peralta, where the US average is 100. This difference means residents of Peralta can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Loving is $1,231/month compared to $1,327/month in Peralta — a 7% difference. Home values follow the same pattern: Loving is more affordable at $177,400 median vs $275,000.

Median household income in Loving is $60,203 compared to $67,703 in Peralta (-11.1%). The higher salaries in Peralta partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Loving spend roughly 24.5% of their income on rent, more than the 23.5% in Peralta.