Cost of Living in Cotton City, NM
Population: 236 | New Mexico
Cotton City is 12% less expensive than the national average.
Cost of Living in Cotton City, NM: What You Need to Know
With a cost of living index of 88, Cotton City, NM is a very affordable place to live. Living here is 12% cheaper than the national average and in line with the New Mexico state average. Cotton City is a small community of 236 residents.
The median household income in Cotton City is $56,688, which is 25% 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
- $56,688
- vs US Median ($75,149)
- -25%
Housing
- Median Home Value
- $191,700