Cost of Living in Eddy County, New Mexico
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Eddy County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Eddy County ranks #2,061 of 3,142 counties for affordability (bottom 34%)
Sourced county brief
Eddy County Median Gross Rent Exceeds New Mexico Unweighted County Mean
Eddy County's median gross rent was estimated at $1,245 per month in the 2020-2024 ACS period, which is $340 higher than the New Mexico unweighted county mean of $905. The official GRAPI (median gross rent as a percentage of household income) for the county was 26.8%. This official estimate is 1.6 percentage points lower than the state unweighted county mean for GRAPI, which was 28.4%. For homeowners, the median selected monthly owner cost was $799, while the state unweighted county mean was $711. The median home value in the county was recorded at $212,600, exceeding the state unweighted county mean of $192,727. Renter-household income was recorded at a median of $56,836. These statistics provide a snapshot of housing costs for different tenure groups within the region. Data is sourced from the U.S. Census Bureau ACS 2020-2024 5-Year Estimates. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Eddy County
Affordability Verdict
ACS B25071 estimates median gross rent at 26.8% of renter household income in Eddy County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,245 per month; median selected monthly owner costs are $799. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $49,800 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The New Mexico unweighted mean of county median rents is $905 per month. Eddy County's $1,245 median is 37.6% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Eddy County
Rent Burden
19.0%
of gross income
Max Housing (28% Rule)
$1,830
per month
Owner Cost Burden
12.2%
of gross income
You can likely afford the median home in Eddy County
Median home value is $212,600. Estimated monthly cost: $1,697 vs. your max of $1,830.
Rent Affordability Guide
Income Needed Calculator
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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
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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