Cost of Living in Chaves County, New Mexico
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Chaves County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Chaves County, New Mexico
Chaves balances modest incomes with affordable housing
Chaves County renters dedicate 19.3% of income to rent, nearly aligned with the national standard, though median household income of $52,029 falls 30% short of the national average of $74,755. The county's $838 median rent remains accessible even for lower-wage households.
Mid-pack affordability in New Mexico's rural corridor
Chaves ranks slightly above the state average for rent burden at 19.3% compared to New Mexico's 19.4%, with rents of $838 sitting midway between expensive metros and ultra-cheap rural counties. This Southeastern region offers moderate housing costs for those seeking a middle ground.
Chaves costs less than Bernalillo, more than rural peers
Chaves's $838 rent falls between Bernalillo's $1,087 and the cheapest rural counties like Catron ($740) and Cibola ($724). This Roswell-anchored county provides more housing supply and affordability than the state's largest metro without sacrificing all amenities.
Housing spans nearly one-fifth of Chaves incomes
Renters in Chaves spend $838 monthly while homeowners pay $660—making ownership 21% cheaper, a pattern common in rural New Mexico. At $52,029 median income, housing consumes between 15-19% of most households' annual earnings.
Chaves suits those balancing affordability and access
Chaves County offers a measured option for families wanting lower costs than Albuquerque but more services and opportunity than isolated rural counties. Consider this region if you value a small-city feel with manageable rent and a stable rental market.
Affordability Calculator
See how your income compares to housing costs in Chaves County
Rent Burden
19.3%
of gross income
Max Housing (28% Rule)
$1,214
per month
Owner Cost Burden
15.2%
of gross income
You can likely afford the median home in Chaves County
Median home value is $141,900. Estimated monthly cost: $1,133 vs. your max of $1,214.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.