Cost of Living in Chili, NM
Population: 185 | New Mexico
Chili is 6% less expensive than the national average.
Cost of Living in Chili, NM: What You Need to Know
With a cost of living index of 94, Chili, NM is slightly more affordable than average. Living here is 6% cheaper than the national average and 8% above the New Mexico state average of 86. Chili is a small community of 185 residents.
The median household income in Chili is $61,806, which is 18% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.
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.
Income
- Median Household Income
- $61,806
- vs US Median ($75,149)
- -18%
Housing
- Median Home Value
- $270,900
- Median Monthly Housing Cost
- $552/mo