States › New Mexico › Chaparral

Is Chaparral, NM expensive to live in?

OKRent takes 22 cents of every $1 people earn here.
🏠 Rent per month (2026)$90448% lower than U.S. average
💵 Families earn per year (2026)$49,629about $4,136/month · 43% lower than U.S. average
🔑 House price$109,30067% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $36,160 a year. That is $17 an hour at a full-time job.

Is rent cheaper than other New Mexico cities?

Yes. Rent here is cheaper than in most of New Mexico. It is number 8 of 44 cities from cheapest to most expensive.

Chaparral
$904
Los Lunas
$1,177
Sunland Park
$1,248
Gallup
$1,135
Deming
$797
Los Alamos
$1,811
Las Vegas
$520

How much do households earn in Chaparral?

Under $25k
22.2%
$25k–50k
34.3%
$50k–100k
24.2%
$100k–150k
11.3%
$150k+
3.2%

Share of households by yearly income. 14.4% of households earn $100,000 or more.

Rent by apartment size in Chaparral

SizeChaparralU.S. average
1 bedroom$811$1,324
2 bedrooms$641$1,509
3 bedrooms$942$1,698
4 bedrooms$1,229$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Chaparral overall?

Everyday prices in New Mexico overall are 8% below the U.S. average (index 92.2, U.S. = 100).

Housing
74
Goods (food, clothes…)
96
Utilities
78
Other services
99
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Chaparral, so the New Mexico figure is shown.

Taxes and bills in Chaparral

🏛️ Property tax$588a year · 0.54% of home value · U.S. $3,119
⚡ Electric bill$142a month (typical) · U.S. $156

Life in Chaparral

Commute to work29.9 minU.S.: 26.4 min
College degree10.5%U.S.: 35.7%
Own their home69.4%U.S.: 65.2%
Below poverty line27.4%U.S.: 12.5%
Unemployment6.3%U.S.: 5.2%

Is it cheaper to rent or buy in Chaparral?

Buying is cheaper month to month: about $146 a month less than renting.

Renting
$904
Owning
$758

Owning assumes a typical $109,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $10,930 for the down payment.

Frequently asked questions

What is the average rent in Chaparral, NM?

Renting in Chaparral costs a median of about $904 a month in 2026, including utilities. The New Mexico median is $1,181.

How much do I need to make to live in Chaparral?

To keep rent under 30% of income, you need about $36,160 a year, or $17 an hour at a full-time job.

Is Chaparral cheap or expensive?

Chaparral is rated OK: rent takes 21.9% of the typical household income of $49,629. It ranks 8th cheapest of 44 New Mexico cities we track.

How much are property taxes in Chaparral?

The median homeowner in Chaparral pays $588 a year in property taxes, about 0.54% of the median home value.

Is Chaparral more expensive than the national average?

Overall prices in New Mexico are 8% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Chaparral?

The median home value in Chaparral is $109,300, about 2.2 times the typical yearly household income.

18,186 people live in Chaparral. Numbers are typical (middle) values.