salaryRent is lower than in 77% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are long, about 30.9 minutes each way.
How much money do I need?
To rent here comfortably, you should earn about $47,320 a year. That is $23 an hour at a full-time job.
Is rent cheaper than other New Mexico cities?
No. Rent here is more expensive than in most of New Mexico. It is number 24 of 44 cities from cheapest to most expensive.
How much do households earn in Lovington?
Share of households by yearly income. 19.0% of households earn $100,000 or more.
Rent by apartment size in Lovington
| Size | Lovington | U.S. average |
|---|---|---|
| 2 bedrooms | $1,053 | $1,509 |
| 3 bedrooms | $1,201 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Lovington 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 Lovington, so the New Mexico figure is shown.
Taxes and bills in Lovington
Life in Lovington
Is it cheaper to rent or buy in Lovington?
About the same. Renting and owning cost within $30 of each other each month.
Owning assumes a typical $166,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $16,610 for the down payment.
Frequently asked questions
What is the average rent in Lovington, NM?
Renting in Lovington costs a median of about $1,183 a month in 2026, including utilities. The New Mexico median is $1,181.
How much do I need to make to live in Lovington?
To keep rent under 30% of income, you need about $47,320 a year, or $23 an hour at a full-time job.
Is Lovington cheap or expensive?
Lovington is rated Cheap: rent takes 19.1% of the typical household income of $74,223. It ranks 24th cheapest of 44 New Mexico cities we track.
How much are property taxes in Lovington?
The median homeowner in Lovington pays $920 a year in property taxes, about 0.55% of the median home value.
Is Lovington 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 Lovington?
The median home value in Lovington is $166,100, about 2.2 times the typical yearly household income.
11,498 people live in Lovington. Numbers are typical (middle) values.