Cost of Living in Grants
Grants's cost of living centers on genuinely affordable housing, offset by a property tax rate running above every New Mexico statewide anchor this record reviewed.
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Learn moreGenuinely affordable, if disclosed-spread, housing
Grants's housing price runs a real, disclosed three-way spread from approximately $154,827 (HomeSnacks) to $186,000 (July 2026 median listing price), well below New Mexico's own statewide median home value (base record).
An above-every-anchor property tax rate
Ownwell cites Grants's median effective property tax rate at 1.08% -- above both Ownwell's own NM statewide median (0.85%) and this project's own NM statewide anchor (0.63%) -- though the absolute median bill (~$664) still runs low given Grants's comparatively low home values (base record).
New Mexico's real six-bracket income tax
New Mexico's real, current 1.5%-5.9% graduated income tax (tax year 2026) and partial Social Security exemption apply in Grants as statewide (base record).
A genuinely wide insurance cost spread
No Grants-specific homeowners-insurance figure was found this pass -- New Mexico statewide estimates carry a real, disclosed, wide spread from approximately $1,774-$1,825/year (Insure.com) to $3,324-$4,308/year (Insurify) (base record).
Key takeaways
- Grants's housing price runs a real, disclosed $154,827-$186,000 spread across sources.
- Grants's 1.08% effective property tax rate runs above every NM statewide anchor reviewed.
- New Mexico's 1.5%-5.9% graduated income tax (2026) applies statewide, including in Grants.
- New Mexico statewide homeowners-insurance estimates carry a real, wide, disclosed cross-source spread.
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