Cost of Living in Union County, New Mexico
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Union County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Union County, New Mexico
Union's low rents anchor northeast affordability
Union County's 17.2% rent-to-income ratio sits comfortably below the national baseline, with median rent of just $650—New Mexico's lowest. However, median household income of $45,319 trails the U.S. average by $29,436, meaning proportional savings are relative to modest local earnings.
Among New Mexico's most affordable counties
Union ranks among New Mexico's most affordable markets, with a 17.2% rent-to-income ratio well below the state average of 19.4%. The county's rural character and low demand keep housing costs remarkably accessible.
Cheapest rents in the region by far
Union's $650 median rent represents the region's lowest, barely edging Socorro's $653 and substantially undercutting all northern and central competitors. Home values ($135,900) match Socorro's accessibility, making Union the region's most affordable overall.
Budget-friendly living with clear tradeoffs
Union residents earning $45,319 annually dedicate just $650 monthly to rent (17.2% of income), freeing substantial earnings for other essentials. Homeowners spend $635 monthly toward affordable properties, though the county's remote location limits local job opportunities.
Union delivers affordability with isolation tradeoff
If remote work or retirement income provides financial stability, Union County offers New Mexico's most affordable housing with low rent and home cost burdens. The northeast location requires comfort with isolation but rewards residents with genuine financial breathing room.
Affordability Calculator
See how your income compares to housing costs in Union County
Rent Burden
17.2%
of gross income
Max Housing (28% Rule)
$1,057
per month
Owner Cost Burden
16.8%
of gross income
The median home in Union County may be a stretch
Median home value is $135,900. Estimated monthly cost: $1,085 vs. your max of $1,057.
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.