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Cost of Living Comparison 2026

📍 Clovis, NM — ZIP-level rent data · COL adjusted from Lubbock, TX area

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Numbers update automatically as you type

You'd spend $822/month more in Raleigh, NC

$150.0K in your current city equals $159.9K in Raleigh, NC

Rent data from HUD ZIP-level estimates · COL index from area
Overall Cost
↑ 11.0%
More expensive
Monthly Impact
$822
Extra cost
Annual Impact
$9.9K
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

Raleigh, NC

Population:474K
Cost Index:111
Median Home:$512K

Clovis, NM

The Land of Enchantment

38K
Population
State Tax
Yes

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

Raleigh, NC

The Tar Heel State

474K
Population
State Tax
Yes
Climate
Humid subtropical

Notable Facts

  • •Research Triangle
  • •State capital
  • •Major university town

Major Industries

TechnologyResearchEducationGovernment

Cost Breakdown by Category

Annual spending: Clovis, NM vs Raleigh, NC

🏠Housing
↑ 24.6%
Clovis, NM
$1,981
Raleigh, NC
$2,469
Difference
$488
more
📦Other
↑ 9.1%
Clovis, NM
$1,566
Raleigh, NC
$1,707
Difference
$142
more
🏥Healthcare
↑ 13.2%
Clovis, NM
$531
Raleigh, NC
$601
Difference
$70.02
more
⚡All Utilities
↑ 11.4%
Clovis, NM
$490
Raleigh, NC
$546
Difference
$56.11
more
🛒Groceries
↑ 3.5%
Clovis, NM
$927
Raleigh, NC
$959
Difference
$32.42
more
🚗Transportation
↑ 1.6%
Clovis, NM
$1,264
Raleigh, NC
$1,284
Difference
$20.47
more

🏠Rent Comparison

Studio
From$803
To$1,570
↑ $767
1 Bed
From$945
To$1,640
↑ $695
2 Bed
From$1,159
To$1,800
↑ $641
3 Bed
From$1,504
To$2,255
↑ $751
Clovis, NMZIP-level data

1BR range: $930–$930/mo

Raleigh, NCZIP-level data

1BR range: $1,400–$1,880/mo

💡 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
$7,567
Monthly in Raleigh, NC
$809
Difference

Home Values

Clovis
Raleigh
$157K
Median Value
$512K
↓ -2.8%
YoY Change
↓ -0.5%
↑ +4.9%
5-Year Change
↑ +38.2%
$157K
Price Range
$314K - $992K

Homes in Raleigh are 227% more expensive than Clovis

Calculate payment - ClovisCalculate payment - Raleigh

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings
↓ $54.50
More taxes
Monthly Difference
$4.54
Less take-home
Effective Rate Diff
0.0%
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

Raleigh, NC

Federal Income Tax
Effective: 18.9%
$25.5K
North Carolina State Tax
Effective: 4.8%
$7.1K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 29.4%
$44.1K
Take-Home Pay
$8,822/month
$105.9K

Additional Tax Information

Clovis, NM Tax Rates

Sales Tax:7.6%
Property Tax:0.8%

Raleigh, NC Tax Rates

Sales Tax:7.1%
Property Tax:0.8%

💡 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
Raleigh
23 Good
Air Quality
46 Good
92.2%
Good Air Days
61.7%
96 High
Climate Risk
96 High
☀🌪💨
Top Hazards
🌊🌡🌪
▲+3.2°F
2050 Outlook
▲+2.8°F
78 days
Heat Days >95°F
31 days
▲+3.2°F
2050 Outlook
▲+2.8°F
78 days
Heat Days >95°F
31 days

💰 See how taxes change too — compare take-home pay between New Mexico and North Carolina on TaxTakeHome.com

Where your money goes further

Cities cheaper than Clovis, NM on a $150.0K salary

1.Indianapolis, IN
Save $35.96/mo
2.St. Louis, MO
Save $35.96/mo

Similar cost to Raleigh, NC

Other cities in a similar price range

Austin, TXDenver, CONashville, TN

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