Cost of Living in Taos County, New Mexico

$1,069/mo
Median Monthly Rent
$354,000
Median Home Value
22% above state averageUnaffordable

At a Glance

Median Monthly Rent
$1,069/mo
22% above state average
Median Home Value
$354,000
26% above national
Rent-to-Income Ratio
34.0%
% 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 Taos County Compares

Median monthly rent comparison

Taos County$1,069/mo
New Mexico Average$876/mo
National Median$1,163/mo

Detailed Housing Stats

$1,069/mo
Median Gross Rent
$354,000
Median Home Value
$695/mo
Monthly Owner Cost
34.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Taos County, New Mexico

Taos rents approach national burden despite lower income

Taos County's 21.8% rent-to-income ratio exceeds the national baseline, with median household income of $58,908 falling $15,847 below the U.S. average. The gap reflects Taos's status as an arts-focused destination where rents ($1,069) reflect demand from affluent transplants and visitors.

Second-priciest market in New Mexico

Taos ranks second only to Santa Fe among New Mexico's most expensive housing markets, with a 21.8% rent-to-income ratio exceeding the state average of 19.4%. The county attracts artistic communities and outdoor enthusiasts willing to pay premium prices for lifestyle amenities.

Premium prices for artistic mountain living

Taos's $1,069 median rent trails Santa Fe ($1,318) and Sandoval ($1,408) but vastly exceeds rural competitors like Socorro ($653). Home values ($354,000) position Taos as the region's second-most-expensive market, behind only Santa Fe.

Arts appeal commands housing premium

Taos residents earning $58,908 annually spend $1,069 monthly on rent (21.8% of gross income), the second-highest proportional burden in the region. Homeowners allocate $695 monthly toward properties averaging $354,000, reflecting Taos's appeal to affluent transplants seeking cultural engagement.

Taos suits creative professionals with savings

Relocate to Taos if you value artistic community and outdoor recreation enough to afford above-state-average housing costs. The county offers less extreme prices than Santa Fe while maintaining comparable cultural amenities, making it ideal for creative professionals.

Affordability Calculator

See how your income compares to housing costs in Taos County

$

Rent Burden

21.8%

of gross income

Max Housing (28% Rule)

$1,375

per month

Owner Cost Burden

14.2%

of gross income

The median home in Taos County may be a stretch

Median home value is $354,000. Estimated monthly cost: $2,826 vs. your max of $1,375.

Rent Affordability Guide

Your rent-to-income ratio21.8%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Taos County, New Mexico?
Taos County, New Mexico has a median monthly rent of $1,069/mo and a median home value of $354,000. The affordability rating is Unaffordable, with rent making up approximately 34.0% of median household income.
What is the median rent in Taos County?
The median gross rent in Taos County is $1,069/mo. This is 22% above state average for New Mexico.
Is Taos County affordable?
Taos County is rated Unaffordable based on rent-to-income ratio of 34.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Taos County's rent compare to the state average?
Taos County's median rent of $1,069/mo is 22% above state average of $876/mo for New Mexico.
What is the median home value in Taos County?
The median home value in Taos County, New Mexico is $354,000. This is 26% above the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.