Cost of Living in Las Vegas, NM
Population 13,120 · New Mexico · Data vintage 2023
(100 = US avg)
Las Vegas's median household income of $42,732 is a meaningful share below the national figure, which shapes most of the downstream economic indicators — from housing affordability to the share of residents living below the poverty line (29% here).
Las Vegas lies roughly 85 miles east of the nearest major metro, Rio Rancho — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 47% lower than Rio Rancho's $273,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Las Vegas
The median home value in Las Vegas is $143,900 — 53% below the national median of $305,000. Median rent runs $731/month, 44% lower than the national median of $1,314/month. The median household income of $42,732/year is 43% lower than the US median of $74,580. The local unemployment rate is 5.5%, above 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 64.8°F and lows of 35.5°F. Overall, Las Vegas has a cost of living index of 51 versus the US average of 100, meaning it is 49% less expensive.
🏠 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 | 49 | 56 | 63 | 72 | 82 | 84 | 81 | 76 | 66 | 55 | 46 |
| Low °F | 20 | 22 | 27 | 32 | 41 | 50 | 54 | 53 | 46 | 36 | 26 | 20 |
| Precip" | 0.35 | 0.32 | 0.60 | 0.68 | 1.32 | 1.62 | 3.24 | 3.13 | 2.16 | 1.36 | 0.51 | 0.44 |
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Las Vegas, NM?
Las Vegas has a cost index of 51 (100 = national average). It is 49% below the national average.
What is average rent in Las Vegas, NM?
The median gross rent in Las Vegas is $731 per month based on 2023 Census data.
What is the average home price in Las Vegas?
The median home value in Las Vegas is $143,900 according to Zillow and Census data.
What is the median income in Las Vegas?
The median household income in Las Vegas is $42,732 per year (2023 ACS 5-year estimates).
What is the sales tax in Las Vegas, NM?
The combined state and local sales tax rate in Las Vegas is 7.7%. The New Mexico state income tax top rate is 5.9%.
Is Las Vegas, NM affordable?
Yes, Las Vegas is generally considered affordable, with a cost of living index of 51 — about 49% below the US national average of 100.
What is the weather like in Las Vegas?
Las Vegas has average high temperatures of 64.8°F and average lows of 35.5°F. Annual precipitation is 15.7". Data from NOAA 1991–2020 Climate Normals.
Las Vegas at a Glance
- Population
- 13,120
- Median Income
- $42,732
- Home Value
- $143,900
- Median Rent
- $731/mo
- Unemployment
- 5.5%
- Avg High Temp
- 64.8°F
- Sales Tax
- 7.7%
Nearby Cities
Explore county-level cost of living data
New Mexico Rankings
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