salaryRent 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. Commutes are short, about 16.4 minutes.
How much money do I need?
To rent here comfortably, you should earn about $36,640 a year. That is $18 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 10 of 44 cities from cheapest to most expensive.
How much do households earn in Grants?
Share of households by yearly income. 15.1% of households earn $100,000 or more.
Rent by apartment size in Grants
| Size | Grants | U.S. average |
|---|---|---|
| 1 bedroom | $717 | $1,324 |
| 2 bedrooms | $778 | $1,509 |
| 3 bedrooms | $953 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Grants overall?
Everyday prices in New Mexico overall are 8% below the U.S. average (index 92.2, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Grants, so the New Mexico figure is shown.
Taxes and bills in Grants
Life in Grants
Is it cheaper to rent or buy in Grants?
About the same. Renting and owning cost within $31 of each other each month.
Owning assumes a typical $136,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $13,650 for the down payment.
Frequently asked questions
What is the average rent in Grants, NM?
Renting in Grants costs a median of about $916 a month in 2026, including utilities. The New Mexico median is $1,181.
How much do I need to make to live in Grants?
To keep rent under 30% of income, you need about $36,640 a year, or $18 an hour at a full-time job.
Is Grants cheap or expensive?
Grants is rated OK: rent takes 21.6% of the typical household income of $50,887. It ranks 10th cheapest of 44 New Mexico cities we track.
How much are property taxes in Grants?
The median homeowner in Grants pays $1,081 a year in property taxes, about 0.79% of the median home value.
Is Grants 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 Grants?
The median home value in Grants is $136,500, about 2.7 times the typical yearly household income.
8,951 people live in Grants. Numbers are typical (middle) values.