Cost of Living in Grants, NM
Population 9,106 · New Mexico · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Grants a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $124,000. Around 31% of residents live below the federal poverty line, a rate that tends to correlate with the income and housing figures above.
Located 65 miles west of Rio Rancho, Grants is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 55% lower than Rio Rancho's $273,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Grants
The median home value in Grants is $123,600 — 59% below the national median of $305,000. Median rent runs $750/month, 43% lower than the national median of $1,314/month. The median household income of $49,286/year is 34% lower than the US median of $74,580. The local unemployment rate is 3.6%, below the national average of 4.8%. New Mexico's top state income tax rate is 5.9% and the combined sales tax is 7.7%. The climate averages highs of 67.8°F and lows of 32.3°F. Overall, Grants has a cost of living index of 47 versus the US average of 100, meaning it is 53% less expensive.
Grants has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 47 | 52 | 60 | 67 | 76 | 87 | 88 | 86 | 80 | 69 | 57 | 47 |
| Low °F | 15 | 19 | 23 | 30 | 37 | 47 | 54 | 52 | 44 | 32 | 21 | 13 |
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Grants, NM?
Grants has a cost index of 47 (100 = national average). It is 53% below the national average.
What is average rent in Grants, NM?
The median gross rent in Grants is $750 per month based on 2023 Census data.
What is the average home price in Grants?
The median home value in Grants is $123,600 according to Zillow and Census data.
What is the median income in Grants?
The median household income in Grants is $49,286 per year (2023 ACS 5-year estimates).
What is the sales tax in Grants, NM?
The combined state and local sales tax rate in Grants is 7.7%. The New Mexico state income tax top rate is 5.9%.
Is Grants, NM affordable?
Yes, Grants is generally considered affordable, with a cost of living index of 47 — about 53% below the US national average of 100.
What is the weather like in Grants?
Grants has average high temperatures of 67.8°F and average lows of 32.3°F. Data from NOAA 1991–2020 Climate Normals.
Grants at a Glance
- Population
- 9,106
- Median Income
- $49,286
- Home Value
- $123,600
- Median Rent
- $750/mo
- Unemployment
- 3.6%
- Avg High Temp
- 67.8°F
- Sales Tax
- 7.7%
Nearby Cities
Explore county-level cost of living data
New Mexico Rankings
Similar Cost Cities
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