The state of New Mexico is known for its rich cultural heritage, breathtaking landscapes, and affordable cost of living. If you're looking for an affordable place to live in the Land of Enchantment, you're in luck.
We've compiled a list of the top 8 cheapest places to live in New Mexico, taking into account factors such as housing costs, living expenses, and rental prices. Let's explore these budget-friendly cities and discover what makes each of them unique.
Top 8 Cheapest Places to Live in New Mexico
- Deming
- Socorro
- Grants
- Gallup
- Silver City
- Belen
- Raton
- Las Vegas
Deming
Nestled in the southwestern part of New Mexico, Deming offers a low cost of living combined with a warm and friendly community. With a population of approximately 14,931, this city provides a relaxed small-town atmosphere.
Deming boasts a variety of outdoor recreational opportunities, including nearby state parks and the breathtaking Florida Mountains.
The average cost of buying a house in Deming is around $112,000, making it an affordable option for homeownership. If you prefer renting, the average monthly cost for an apartment is approximately $650.
Socorro
Located in central New Mexico, Socorro is a historic city with a population of around 8,150. The area is renowned for its rich scientific and research culture, with the New Mexico Institute of Mining and Technology being a prominent institution in the community.
Outdoor enthusiasts will appreciate the nearby Bosque del Apache National Wildlife Refuge, offering stunning bird-watching opportunities.
The average home price in Socorro is approximately $135,000, making it an affordable place to settle down. For those who prefer renting, the average monthly cost for an apartment is around $700.
Grants
Situated in the western part of New Mexico, Grants is a city of approximately 9,228 residents.
This area is known for its mining history and offers a range of outdoor activities, including hiking, fishing, and camping in the nearby Cibola National Forest. Grants also provides easy access to the El Malpais National Monument, where visitors can explore lava tubes and ancient ruins.
The average cost of buying a home in Grants is around $122,000, making it an affordable option for homeowners. Renting an apartment in Grants averages around $650 per month.
Gallup
Gallup, located in the northwestern part of the state, is a vibrant city with a population of around 20,965 people. Known as the "Indian Capital of the World," Gallup celebrates Native American culture through its art, cuisine, and annual events like the Inter-Tribal Indian Ceremonial.
Outdoor enthusiasts will enjoy exploring the nearby Red Rock Park and the stunning landscapes of the Chuska Mountains.
The average home price in Gallup is approximately $130,000, providing affordable housing options. Rental prices for apartments in Gallup average around $700 per month.
Silver City
Nestled in the southwestern part of New Mexico, Silver City is a charming town with a population of approximately 9,360 residents. The area is renowned for its vibrant arts scene, with numerous galleries, theaters, and music festivals throughout the year.
Outdoor enthusiasts will find plenty to explore in the Gila National Forest, which offers hiking, camping, and wildlife viewing opportunities.
The average cost of buying a home in Silver City is around $167,000, making it an affordable place to settle down. Renting an apartment in Silver City averages around $700 per month.
Belen
Located in central New Mexico, Belen is a growing city with a population of approximately 7,497. Belen is known for its rich railroad history and hosts the annual Belen Harvey House Museum Fiesta, celebrating the city's cultural heritage.
Outdoor recreation can be enjoyed at the nearby Manzano Mountains State Park and the Tomé Hill, a popular hiking spot with panoramic views.
The average home price in Belen is approximately $128,000, offering affordable housing options. Renting an apartment in Belen averages around $650 per month.
Raton
Situated in the northeastern part of New Mexico, Raton is a small town with a population of around 6,079 residents.
This area offers a tranquil setting surrounded by picturesque landscapes, including the nearby Sugarite Canyon State Park with its hiking trails and fishing opportunities. Raton is also home to the historic Shuler Theater, which hosts various performances throughout the year.
The average cost of buying a home in Raton is around $106,000, making it an affordable place for homeownership. Renting an apartment in Raton averages around $600 per month.
Las Vegas
Not to be confused with its famous namesake in Nevada, Las Vegas, New Mexico, is a historic city with a population of approximately 13,145.
This area is steeped in rich cultural heritage, boasting numerous Victorian-era buildings and the historic Plaza Park. Outdoor enthusiasts can explore nearby areas such as Storrie Lake State Park, where fishing, boating, and picnicking opportunities abound.
The average home price in Las Vegas is approximately $128,000, providing affordable housing options. Rentingan apartment in Las Vegas, New Mexico, averages around $650 per month.
