New Mexico Cities: Cost of Living, Housing & Rankings
3 cities tracked in New Mexico — median home value is 25% below the national median; median rent is 27% below the national median.
Most Affordable to Buy
| # | City | Value | |
|---|---|---|---|
| 1 | Rio Rancho, NM | 3.1× income | affordable |
| 2 | Las Cruces, NM | 3.9× income | balanced |
| 3 | Albuquerque, NM | 4.0× income | balanced |
Lowest Monthly Rent
| # | City | Value | |
|---|---|---|---|
| 1 | Las Cruces, NM | $907/mo rent | |
| 2 | Albuquerque, NM | $1,014/mo rent | |
| 3 | Rio Rancho, NM | $1,357/mo rent |
Highest Median Household Income
| # | City | Value | |
|---|---|---|---|
| 1 | Rio Rancho, NM | $78,978 median income | |
| 2 | Albuquerque, NM | $61,503 median income | |
| 3 | Las Cruces, NM | $51,013 median income |
Largest Low-Risk Cities
| # | City | Value | |
|---|---|---|---|
| 1 | Rio Rancho, NM | 104,351 residents | Relatively Low |
All Cities in New Mexico
See population rankings & city comparisons in New Mexico →
| City | Population | Median Home Value | Links |
|---|---|---|---|
| Albuquerque, NM | 562,551 | $246,000 | Salary Needed |
| Las Cruces, NM | 111,273 | $197,200 | Salary Needed |
| Rio Rancho, NM | 104,351 | $246,700 | Salary Needed |