Cost of Living in Valencia County, New Mexico
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Valencia County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Valencia County, New Mexico
Valencia's rents rival the national average
With a rent-to-income ratio of 19.9%, Valencia County residents spend slightly more on housing costs than the typical American household. The national median household income stands at $74,755, while Valencia's median income of $58,333 means renters here stretch their paychecks further to afford the county's median rent of $970 per month.
Nearly tied with New Mexico's median
Valencia's rent-to-income ratio of 19.9% sits just above New Mexico's state average of 19.4%, placing the county in the middle tier of affordability statewide. The county's median rent of $970 exceeds the state average of $876, reflecting slightly higher housing costs than much of the rest of New Mexico.
How Valencia stacks up locally
Valencia County's median rent of $970 and median home value of $206,800 position it as a moderately priced option in central New Mexico. While specific neighbor county data isn't available for direct comparison, Valencia's affordability metrics suggest competitive housing costs for the region, offering residents a balance between access and expense.
Where Valencia incomes go
The typical Valencia household earning $58,333 annually dedicates nearly $970 monthly to rent—about 20% of gross income—while homeowners pay roughly $798 monthly for ownership costs. This split reveals that renters in Valencia carry a slightly heavier burden than homeowners, though both groups spend less than the national standard of 30% of income on housing.
Consider Valencia for moderate living costs
If you're weighing relocation options, Valencia County offers rent-to-income ratios below the national average and median home values under $210,000, making it accessible for both renters and buyers. The county's alignment with New Mexico's affordability profile means you'll find familiar cost structures while exploring a growing central New Mexico community.
Affordability Calculator
See how your income compares to housing costs in Valencia County
Rent Burden
20.0%
of gross income
Max Housing (28% Rule)
$1,361
per month
Owner Cost Burden
16.4%
of gross income
The median home in Valencia County may be a stretch
Median home value is $206,800. Estimated monthly cost: $1,651 vs. your max of $1,361.
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.