New Mexico Cost of Living
Housing costs and affordability data for 33 counties.
Average Monthly Rent
$876/mo
Average Home Value
$181,648
Average Owner Cost
$687/mo
▼25% below national average rent
At a Glance
Average Monthly Rent
$876/mo
25% below national median
Average Home Value
$181,648
36% below national median
Avg. Monthly Owner Cost
$687/mo
59% below national median
Affordability Rating
Affordable
Avg. rent under 30% of income
Most Expensive Counties
All New Mexico Counties
| County | Median Rent | Home Value | Owner Cost | Rent/Income |
|---|---|---|---|---|
| Sandoval County | Moderate$1,408/mo | $282,300 | $1,180/mo | 30.0% |
| Santa Fe County | Moderate$1,318/mo | $416,900 | $1,183/mo | 29.0% |
| Los Alamos County | Moderate$1,308/mo | $452,500 | $1,634/mo | 16.0% |
| Eddy County | Moderate$1,183/mo | $199,400 | $739/mo | 25.0% |
| Lea County | Moderate$1,119/mo | $176,000 | $699/mo | 28.0% |
| Bernalillo County | Moderate$1,087/mo | $268,500 | $1,192/mo | 30.0% |
| Taos County | Moderate$1,069/mo | $354,000 | $695/mo | 34.0% |
| Curry County | Affordable$987/mo | $160,800 | $879/mo | 29.0% |
| Valencia County | Affordable$970/mo | $206,800 | $798/mo | 30.0% |
| Otero County | Affordable$926/mo | $149,500 | $628/mo | 28.0% |
| San Juan County | Affordable$917/mo | $185,100 | $751/mo | 28.0% |
| Doña Ana County | Affordable$903/mo | $205,400 | $842/mo | 33.0% |
| Lincoln County | Affordable$883/mo | $212,200 | $699/mo | 33.0% |
| Roosevelt County | Affordable$863/mo | $136,000 | $868/mo | 29.0% |
| Torrance County | Affordable$845/mo | $145,100 | $599/mo | 24.0% |
| Chaves County | Affordable$838/mo | $141,900 | $660/mo | 27.0% |
| Grant County | Affordable$810/mo | $164,400 | $491/mo | 30.0% |
| McKinley County | Affordable$810/mo | $72,100 | $351/mo | 22.0% |
| Hidalgo County | Affordable$803/mo | $114,000 | $537/mo | 34.0% |
| Mora County | Affordable$785/mo | $119,900 | $544/mo | 25.0% |
| San Miguel County | Affordable$774/mo | $177,600 | $531/mo | 32.0% |
| Rio Arriba County | Affordable$760/mo | $230,900 | $497/mo | 22.0% |
| Quay County | Affordable$752/mo | $82,200 | $527/mo | 24.0% |
| Catron County | Affordable$740/mo | $171,800 | $397/mo | 17.0% |
| De Baca County | Affordable$727/mo | $158,000 | $503/mo | 37.0% |
| Cibola County | Affordable$724/mo | $120,000 | $450/mo | 30.0% |
| Colfax County | Affordable$704/mo | $161,000 | $675/mo | 23.0% |
| Harding County | Affordable$700/mo | $86,500 | $474/mo | 11.0% |
| Sierra County | Affordable$695/mo | $144,800 | $464/mo | 30.0% |
| Luna County | Affordable$685/mo | $112,500 | $560/mo | 30.0% |
| Socorro County | Affordable$653/mo | $143,200 | $473/mo | 32.0% |
| Union County | Affordable$650/mo | $135,900 | $635/mo | 26.0% |
| Guadalupe County | Affordable$515/mo | $107,200 | $511/mo | 25.0% |
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Compare Moving QuotesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.