Cost of Living in Lovington, NM
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
101.2
100 = national avg
+1.2 vs national average
Living Wage (1 Adult)
$44,506
per year
Living Wage (Family of 4)
$105,196
per year
Cost Index by Category
Housing99.7
Food101.4
Transportation102.9
Healthcare101.1
Utilities100.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,068
per month
2 Bedroom
$1,324
per month
The overall cost of living index in Lovington is 101.2, which is 1.2% above the national average. Housing costs are below the national average at an index of 99.7. A single adult needs to earn approximately $44,506 per year to cover basic expenses.