Cost of Living in Mora County, New Mexico
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Mora County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Mora County, New Mexico
Mora County leads statewide affordability
Mora County's rent-to-income ratio of 18.8% is the strongest in New Mexico and approaches the national average, supported by a median household income of $50,178. At $785 monthly rent, Mora County residents enjoy relative affordability despite earning 33% less than the national median of $74,755.
Most affordable rental county in state
Mora County ranks as New Mexico's most affordable county for renters, with an 18.8% rent-to-income ratio below the state average of 19.4%. This rare combination of reasonable rents and relatively stable incomes makes Mora a standout for cost-conscious households in rural New Mexico.
Sweet spot between rural and affordable
Mora County's $785 rent and 18.8% affordability ratio position it between cheaper markets like Quay ($752) and pricier ones like San Juan ($917). Rio Arriba County matches Mora's affordability advantage, making both northeastern counties the most livable for renters in this rural cluster.
Renters and owners find balance
Mora County renters spend $785 monthly while homeowners spend $544—both reasonable proportions of the $50,178 median income. Renters dedicate 18.8% of gross income to housing; homeowners at median spend roughly 13%, making both tenure options accessible.
New Mexico's affordability sweet spot
Mora County combines the state's best rental affordability with stable median incomes, making it ideal for relocators prioritizing cost of living over urban amenities. With strong homeownership values at $119,900 and balanced renter affordability, Mora supports both long-term buyers and temporary residents.
Affordability Calculator
See how your income compares to housing costs in Mora County
Rent Burden
18.8%
of gross income
Max Housing (28% Rule)
$1,171
per month
Owner Cost Burden
13.0%
of gross income
You can likely afford the median home in Mora County
Median home value is $119,900. Estimated monthly cost: $957 vs. your max of $1,171.
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.