Cost of Living in Catron County, New Mexico

$740/mo
Median Monthly Rent
$171,800
Median Home Value

At a Glance

Median Monthly Rent
$740/mo
16% below state average
Median Home Value
$171,800
39% below national
Rent-to-Income Ratio
17.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Catron County Compares

Median monthly rent comparison

Catron County$740/mo
New Mexico Average$876/mo
National Median$1,163/mo

Detailed Housing Stats

$740/mo
Median Gross Rent
$171,800
Median Home Value
$397/mo
Monthly Owner Cost
17.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Catron County ranks #321 of 3,144 counties for affordability (top 10%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Catron County, New Mexico

Catron's ultra-affordable rents defy national trends

Renters in Catron County spend just 19.1% of income on rent, essentially matching the national baseline, despite earning only $46,439 annually—38% below the national median. This rural county's $740 median rent is remarkably low, making housing one of the least burdensome expenses for households here.

Rural gem ranks among state's most affordable

Catron County's rent-to-income ratio of 19.1% ranks it among New Mexico's best for affordability, beating the state average of 19.4%. With median rent at $740—15% below the state average of $876—this remote southwestern county offers genuine economic relief for cost-conscious families.

Catron competes on price with isolated rural areas

Catron's $740 rent undercuts nearby Cibola County ($724) by just $16, placing both among New Mexico's cheapest housing markets. This rural pocket rivals De Baca County ($727) for lowest median rent, though all three counties share limited job markets and services.

Ownership costs drop dramatically in Catron

While renters pay $740 monthly, homeowners in Catron spend just $397—making ownership 46% cheaper than renting, an unusual reversal of typical patterns. At median income of $46,439, housing consumes roughly 19% of household budgets whether renting or owning.

Catron appeals to remote workers prioritizing low costs

If you can work remotely or bring income from elsewhere, Catron's rock-bottom housing and living expenses offer exceptional savings potential. The trade-off is geographic isolation and a small job market—ideal for retirees, freelancers, or those seeking an off-grid lifestyle.

Cost of Living Advisory: Catron County

Affordability Verdict

Catron County offers affordable rental housing at a median of $740/month — about 19.1% of the typical household income here.

Rent vs. Own

At $740/month rent versus $397/month in owner costs, owning is roughly $343/month cheaper — a 46% difference.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $29,600/year. For owner costs at the 28% rule, the required income is roughly $17,014/year. With a median household income of $46,439, most households can comfortably afford rent here. Notably, 17.0% of renter households in Catron County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Catron County sits 8% more expensive than Luna County ($685/month) in terms of median gross rent.

Affordability Calculator

See how your income compares to housing costs in Catron County

$

Rent Burden

19.1%

of gross income

Max Housing (28% Rule)

$1,084

per month

Owner Cost Burden

10.3%

of gross income

The median home in Catron County may be a stretch

Median home value is $171,800. Estimated monthly cost: $1,372 vs. your max of $1,084.

Rent Affordability Guide

Your rent-to-income ratio19.1%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $46,439Needed: $29,600
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $46,439Needed: $17,014
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $46,439Needed: $39,983

Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.

Frequently Asked Questions

What is the cost of living in Catron County, New Mexico?
Catron County, New Mexico has a median monthly rent of $740/mo and a median home value of $171,800. The affordability rating is Unaffordable, with rent making up approximately 17.0% of median household income.
What is the median rent in Catron County?
The median gross rent in Catron County is $740/mo. This is 16% below state average for New Mexico.
Is Catron County affordable?
Catron County is rated Unaffordable based on rent-to-income ratio of 17.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Catron County's rent compare to the state average?
Catron County's median rent of $740/mo is 16% below state average of $876/mo for New Mexico.
What is the median home value in Catron County?
The median home value in Catron County, New Mexico is $171,800. This is 39% below the national median home value of $281,900.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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