Cost of Living: South Valley, NM vs Phoenix, AZ
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,230/mo in South Valley, NM versus $4,370/mo in Phoenix, AZ. In the model, rent is about 13.73% of gross in South Valley, NM versus 21.24% in Phoenix, AZ, so South Valley, NM tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between South Valley, NM and Phoenix, AZ.
At a glance
- Cheaper overall (lower cost-of-living index): South Valley, NM
- Lower rent (median 1BR/2BR): South Valley, NM
- Lower home prices: South Valley, NM
- Higher median household income: Phoenix, AZ
Cost of Living Index
South Valley, NM: 100 (U.S. = 100) · Phoenix, AZ: 102.4 (U.S. = 100)
South Valley, NM has a lower cost-of-living index than Phoenix, AZ, so a given salary generally stretches further there.
Median Rent
South Valley, NM: $895/mo (midpoint of 1BR/2BR) · Phoenix, AZ: $1,385/mo
Median rent in Phoenix, AZ is $490/mo higher than in South Valley, NM.
Median Home Price
South Valley, NM: $205,200 · Phoenix, AZ: $381,900
Median home price in Phoenix, AZ is $176,700 higher than in South Valley, NM.
Median Household Income
South Valley, NM: $51,062 · Phoenix, AZ: $77,041
Phoenix, AZ has a higher median household income than South Valley, NM by $25,979.
South Valley, NM overview · Phoenix, AZ overview · Popular comparisons