Cost of Living in Rio Arriba County, New Mexico

$760/mo
Median Monthly Rent
$230,900
Median Home Value

At a Glance

Median Monthly Rent
$760/mo
13% below state average
Median Home Value
$230,900
18% below national
Rent-to-Income Ratio
22.0%
% 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 Rio Arriba County Compares

Median monthly rent comparison

Rio Arriba County$760/mo
New Mexico Average$876/mo
National Median$1,163/mo

Detailed Housing Stats

$760/mo
Median Gross Rent
$230,900
Median Home Value
$497/mo
Monthly Owner Cost
22.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Rio Arriba County ranks #538 of 3,144 counties for affordability (top 17%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Rio Arriba County, New Mexico

Rio Arriba County leads state affordability

Rio Arriba County's 16.9% rent-to-income ratio is the lowest in New Mexico and approaches national affordability benchmarks, despite median incomes of $53,901 remaining 28% below the U.S. $74,755. At $760 monthly rent, Rio Arriba residents enjoy the best rent affordability in the state.

Second most affordable statewide

Rio Arriba County's 16.9% rent-to-income ratio ranks second-best in New Mexico after Mora County's 18.8%, making it a premier affordability destination. The combination of low rents and relatively stable incomes creates exceptional housing accessibility for renters.

Balanced pricing in northern cluster

Rio Arriba County's $760 rent sits between rural peers like Quay ($752) and Mora ($785), with competitive pricing matched by strong affordability fundamentals. San Juan County to the northwest commands higher rents at $917, while Mora offers comparable value with slightly higher rents.

Most balanced housing costs in state

Rio Arriba County renters pay $760 monthly while homeowners spend $497—both notably low figures relative to median income of $53,901. Renters dedicate 16.9% of gross income to housing while homeowners spend roughly 11.1%, the best affordability profile among these eight counties.

Best value in New Mexico rural markets

Rio Arriba County delivers the state's most affordable rents and exceptional homeownership costs, with median home values of $230,900 reflecting strong regional character. Relocators seeking cost-of-living relief will find Rio Arriba among New Mexico's most livable rural counties, balancing affordability with community stability.

Cost of Living Advisory: Rio Arriba County

Affordability Verdict

Housing in Rio Arriba County is affordable. The median rent is $760/month against a median household income of $53,901, putting rent at 16.9% of income.

Rent vs. Own

The median rent in Rio Arriba County is $760/month, while owner costs run $497/month. Owning saves approximately $263/month.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $30,400/year. For owner costs at the 28% rule, the required income is roughly $21,300/year. With a median household income of $53,901, most households can comfortably afford rent here. Notably, 22.0% of renter households in Rio Arriba County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Within New Mexico, Rio Arriba County is more affordable than Colfax County by roughly 8% ($760/mo vs $704/mo).

Affordability Calculator

See how your income compares to housing costs in Rio Arriba County

$

Rent Burden

16.9%

of gross income

Max Housing (28% Rule)

$1,258

per month

Owner Cost Burden

11.1%

of gross income

The median home in Rio Arriba County may be a stretch

Median home value is $230,900. Estimated monthly cost: $1,843 vs. your max of $1,258.

Rent Affordability Guide

Your rent-to-income ratio16.9%
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: $53,901Needed: $30,400
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $53,901Needed: $21,300
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $53,901Needed: $53,737

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 Rio Arriba County, New Mexico?
Rio Arriba County, New Mexico has a median monthly rent of $760/mo and a median home value of $230,900. The affordability rating is Unaffordable, with rent making up approximately 22.0% of median household income.
What is the median rent in Rio Arriba County?
The median gross rent in Rio Arriba County is $760/mo. This is 13% below state average for New Mexico.
Is Rio Arriba County affordable?
Rio Arriba County is rated Unaffordable based on rent-to-income ratio of 22.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Rio Arriba County's rent compare to the state average?
Rio Arriba County's median rent of $760/mo is 13% below state average of $876/mo for New Mexico.
What is the median home value in Rio Arriba County?
The median home value in Rio Arriba County, New Mexico is $230,900. This is 18% 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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