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Cost of Living Comparison 2026

๐Ÿ“ Clovis, NM โ€” ZIP-level rent data ยท COL adjusted from Lubbock, TX area

$

Numbers update automatically as you type

You'd spend $1.9K/month more in Denver, CO

$150.0K in your current city equals $173.2K in Denver, CO

Rent data from HUD ZIP-level estimates ยท COL index from area
Overall Cost
โ†‘ 25.8%
More expensive
Monthly Impact
$1,937
Extra cost
Annual Impact
$23.2K
Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Clovis, NM

Population:38K
Cost Index:100
Median Home:$157K

Denver, CO

Population:716K
Cost Index:126
Median Home:$513K

Clovis, NM

The Land of Enchantment

38K
Population
State Tax
Yes

Located in New Mexico, this city has a population of 38K residents.

Denver, CO

The Centennial State

716K
Population
State Tax
Yes
Climate
Semi-arid

Notable Facts

  • โ€ขMile-high city (5,280 ft)
  • โ€ขOutdoor recreation hub
  • โ€ขMajor cannabis market

Major Industries

AerospaceTechnologyEnergyTourism

Cost Breakdown by Category

Annual spending: Clovis, NM vs Denver, CO

๐Ÿ Housing
โ†‘ 64.0%
Clovis, NM
$1,981
Denver, CO
$3,248
Difference
$1,267
more
๐Ÿ“ฆOther
โ†‘ 13.3%
Clovis, NM
$1,566
Denver, CO
$1,774
Difference
$209
more
๐Ÿš—Transportation
โ†‘ 15.7%
Clovis, NM
$1,264
Denver, CO
$1,462
Difference
$198
more
๐Ÿ›’Groceries
โ†‘ 11.0%
Clovis, NM
$927
Denver, CO
$1,029
Difference
$102
more
๐ŸฅHealthcare
โ†‘ 19.0%
Clovis, NM
$531
Denver, CO
$632
Difference
$101
more
โšกAll Utilities
โ†‘ 5.9%
Clovis, NM
$490
Denver, CO
$519
Difference
$28.79
more

๐Ÿ›๏ธ Local Income Taxes

Denver, CO: Denver Head Tax ($5.75/mo, negligible)$69.00/yr (0.0%)

Clovis, NM has no local income tax.

Local taxes are in addition to state income tax. Not all cities levy local income taxes.

๐Ÿ Rent Comparison

Studio
From$803
To$1,720
โ†‘ $917
1 Bed
From$945
To$1,840
โ†‘ $895
2 Bed
From$1,159
To$2,190
โ†‘ $1,031
3 Bed
From$1,504
To$2,870
โ†‘ $1,366
Clovis, NMZIP-level data

1BR range: $930โ€“$930/mo

Denver, COZIP-level data

1BR range: $1,620โ€“$2,540/mo

๐Ÿ’ก Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$6,758
Monthly in Clovis, NM
$8,665
Monthly in Denver, CO
$1,906
Difference

Home Values

Clovis
Denver
$157K
Median Value
$513K
โ†“ -2.8%
YoY Change
โ†“ -4.2%
โ†‘ +4.9%
5-Year Change
โ†‘ +13%
$157K
Price Range
$352K - $933K

Homes in Denver are 227% more expensive than Clovis

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings
โ†‘ $471
Per year
Monthly Difference
$39.21
More take-home
Effective Rate Diff
0.3%
Rate difference

Clovis, NM

Federal Income Tax
Effective: 18.9%
$25.5K
New Mexico State Tax
Effective: 4.7%
$7.1K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 29.4%
$44.1K
Take-Home Pay
$8,826/month
$105.9K

Denver, CO

Federal Income Tax
Effective: 18.9%
$25.5K
Colorado State Tax
Effective: 4.4%
$6.6K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 29.1%
$43.6K
Take-Home Pay
$8,866/month
$106.4K

Additional Tax Information

Clovis, NM Tax Rates

Sales Tax:7.6%
Property Tax:0.8%

Denver, CO Tax Rates

Sales Tax:7.8%
Property Tax:0.5%

๐Ÿ’ก Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.

Environment

Clovis
Denver
23 Good
Air Quality
55 Moderate
92.2%
Good Air Days
35.2%
96 High
Climate Risk
95 High
โ˜€๐ŸŒช๐Ÿ’จ
Top Hazards
๐ŸŒŠ๐ŸŒช๐Ÿ’จ
โ–ฒ+3.2ยฐF
2050 Outlook
โ–ฒ+3.3ยฐF
78 days
Heat Days >95ยฐF
28 days
โ–ฒ+3.2ยฐF
2050 Outlook
โ–ฒ+3.3ยฐF
78 days
Heat Days >95ยฐF
28 days

๐Ÿ’ฐ See how taxes change too โ€” compare take-home pay between New Mexico and Colorado on TaxTakeHome.com

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