Cost of Living in Grady, NM
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
86.9
100 = national avg
-13.1 vs national average
Living Wage (1 Adult)
$38,247
per year
Living Wage (Family of 4)
$90,403
per year
Cost Index by Category
Housing58.8
Food102.4
Transportation104.9
Healthcare101.9
Utilities93.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$892
per month
2 Bedroom
$1,098
per month
The overall cost of living index in Grady is 86.9, which is 13.1% below the national average. Housing costs are below the national average at an index of 58.8. A single adult needs to earn approximately $38,247 per year to cover basic expenses.