Cost of Living in Prewitt, NM
Population: 645 | New Mexico
Prewitt is 25% less expensive than the national average.
Cost of Living in Prewitt, NM: What You Need to Know
With a cost of living index of 75, Prewitt, NM is one of the most affordable cities in the country. Living here is 25% cheaper than the national average and 12% below the New Mexico state average of 86. Prewitt is a small community of 645 residents.
The median household income in Prewitt is $22,966, which is 69% 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
- $22,966
- vs US Median ($75,149)
- -69%
Housing
- Median Home Value
- $30,300
- Median Monthly Housing Cost
- $289/mo