Cost of Living in Logan, NM

With a cost of living index of 75, Logan, NM is a very affordable place to live. Living here is 25% cheaper than the national average and 11% below the New Mexico state average of 86. Logan is a small community of 858 residents.

Housing costs are the biggest factor in Logan's cost of living. The median monthly rent is $1,125 (15% below the US median of $1,319), and the median home value sits at $109,400 (64% below the national median of $304,900). At current prices, the median home costs roughly 3.9x the median household income — a moderately affordable ratio by today's standards.

The median household income in Logan is $27,885, which is 63% lower than the national median of $75,149. Residents spend roughly 48% of household income on rent. This is well above the 30% affordability threshold, indicating a significant housing cost burden for many residents. 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.