Cost of Living in Lovington, NM
Population 11,444 · New Mexico · Data vintage 2023
(100 = US avg)
Lovington offers a notably favorable income-to-housing ratio for its region. The typical home — $163,000 — costs less than 2.4 times median household income of $67,284, a threshold many coastal markets passed a decade ago. A poverty rate near 23% adds context to the income figures — well above the US average, and worth factoring into any comparison with cities on the coasts or in the Rockies.
Located 95 miles northwest of Odessa, Lovington is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 22% lower than Odessa's $208,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Lovington
The median home value in Lovington is $162,900 — 47% below the national median of $305,000. Median rent runs $1,063/month, 19% lower than the national median of $1,314/month. The median household income of $67,284/year is 10% lower than the US median of $74,580. The local unemployment rate is 7.8%, 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 77.8°F and lows of 48.9°F. Overall, Lovington has a cost of living index of 64 versus the US average of 100, meaning it is 36% 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 | 58 | 63 | 71 | 80 | 88 | 96 | 95 | 94 | 87 | 78 | 66 | 57 |
| Low °F | 30 | 34 | 40 | 48 | 57 | 66 | 69 | 68 | 61 | 49 | 37 | 30 |
| Precip" | 0.37 | 0.42 | 0.54 | 0.45 | 1.15 | 1.19 | 1.76 | 1.65 | 2.58 | 0.89 | 0.53 | 0.52 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Lovington, NM?
Lovington has a cost index of 64 (100 = national average). It is 36% below the national average.
What is average rent in Lovington, NM?
The median gross rent in Lovington is $1,063 per month based on 2023 Census data.
What is the average home price in Lovington?
The median home value in Lovington is $162,900 according to Zillow and Census data.
What is the median income in Lovington?
The median household income in Lovington is $67,284 per year (2023 ACS 5-year estimates).
What is the sales tax in Lovington, NM?
The combined state and local sales tax rate in Lovington is 7.7%. The New Mexico state income tax top rate is 5.9%.
Is Lovington, NM affordable?
Yes, Lovington is generally considered affordable, with a cost of living index of 64 — about 36% below the US national average of 100.
What is the weather like in Lovington?
Lovington has average high temperatures of 77.8°F and average lows of 48.9°F. Annual precipitation is 12.1". Data from NOAA 1991–2020 Climate Normals.
Lovington at a Glance
- Population
- 11,444
- Median Income
- $67,284
- Home Value
- $162,900
- Median Rent
- $1,063/mo
- Unemployment
- 7.8%
- Avg High Temp
- 77.8°F
- Sales Tax
- 7.7%
Nearby Cities
Explore county-level cost of living data
New Mexico Rankings
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