Lovington, NM vs Santa Teresa, NM

Lovington is moderately more affordable than Santa Teresa, with a 11% lower cost of living index. Lovington scores 78 compared to 87 for Santa Teresa, where the US average is 100. This difference means residents of Santa Teresa can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Lovington is $1,063/month compared to $1,259/month in Santa Teresa — a 16% difference. Home values follow the same pattern: Lovington is more affordable at $162,900 median vs $216,600.

Median household income in Lovington is $67,284 compared to $60,759 in Santa Teresa (+10.7%). Lovington offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Lovington spend roughly 19% of their income on rent, less than the 24.9% in Santa Teresa.