Cost of Living in Artesia, NM

With a cost of living index of 76, Artesia, NM is a very affordable place to live. Living here is 24% cheaper than the national average and 10% below the New Mexico state average of 86. Artesia is a smaller community of 12,555 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Artesia's cost of living. The median monthly rent is $875 (34% below the US median of $1,319), and the median home value sits at $213,800 (30% below the national median of $304,900). At current prices, the median home costs roughly 2.8x the median household income — well within traditional affordability guidelines.

The median household income in Artesia is $77,647, which is 3% higher than the national median of $75,149. Residents spend roughly 14% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.