Cost of Living in Gallup, NM
Housing
The housing market plays a significant role in determining the cost of living in Gallup, NM.
- Housing Index: 85.0 / 100
- Median Home Price is: $230,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1360 per month
When considering a move to Gallup, NM, it's essential to analyze the local housing market. With a housing index of 85.0, the city represents relatively affordable options, especially for those eyeing a median home price of 230000. The average rent for a 2-bedroom apartment is 1200, while renting a 2-bedroom house averages 1360. This balance makes it an attractive destination for renters and potential homebuyers alike. Moreover, consider local amenities, job opportunities, and quality of schools, as they can significantly impact your decision to relocate.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Gallup, NM.
- Electricity Price: $14.44 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Gallup, NM could entail higher utility costs. Electricity costs sit at $14.44, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $200 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Gallup is a financially viable option for your relocation.