Cost of Living in Harding 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 Harding County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Harding County ranks #1,167 of 3,142 counties for affordability (top 37%)
Sourced county brief
Harding County Official GRAPI Differs from State Mean by 19.4 Points
Harding County's official GRAPI (median gross rent as a percentage of household income) was 9.0%, which is 19.4 percentage points lower than the New Mexico unweighted county mean of 28.4%. The median gross rent was recorded at $1,038 per month, while the state unweighted county mean was $905. For homeowners, the median home value was $70,000, which is $122,727 below the New Mexico unweighted county mean of $192,727. Median selected monthly owner costs were $459, compared to the state unweighted county mean of $711. A median renter-household income was not available for this period. These data points provide a snapshot of the housing expenditure environment for local residents based on ACS 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: Harding County
Affordability Verdict
ACS B25071 estimates median gross rent at 9.0% of renter household income in Harding 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 $1,038 per month; median selected monthly owner costs are $459. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $41,520 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. Harding County's $1,038 median is 14.7% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Harding County
Rent Burden
25.7%
of gross income
Max Housing (28% Rule)
$1,133
per month
Owner Cost Burden
11.3%
of gross income
You can likely afford the median home in Harding County
Median home value is $70,000. Estimated monthly cost: $559 vs. your max of $1,133.
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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