Income needed to buy a home
Every county in New Mexico
In the middle county, Torrance County, the typical home takes $72,202 a year. Locals can afford the typical home in 6 of 30 counties.
| County | Typical home | Monthly cost | Income needed | Local median income | For locals |
|---|---|---|---|---|---|
| Quay County | $111,921 | $846 | $36,249 | $41,946 | Within reach |
| De Baca County | $112,013 | $847 | $36,311 | — | — |
| Hidalgo County | $112,940 | $848 | $36,329 | $48,882 | Within reach |
| Union County | $119,082 | $876 | $37,556 | $46,694 | Within reach |
| Roosevelt County | $150,001 | $1,141 | $48,915 | $52,685 | Right at the edge |
| Luna County | $156,692 | $1,185 | $50,795 | $36,419 | A stretch |
| Cibola County | $160,827 | $1,205 | $51,652 | $50,759 | Right at the edge |
| Curry County | $162,188 | $1,240 | $53,126 | $57,309 | Right at the edge |
| Chaves County | $172,854 | $1,316 | $56,410 | $52,938 | Right at the edge |
| Grant County | $185,980 | $1,381 | $59,186 | $44,958 | A stretch |
| Sierra County | $183,170 | $1,389 | $59,509 | $41,600 | Far off |
| Lea County | $203,827 | $1,536 | $65,849 | $68,015 | Right at the edge |
| Socorro County | $203,020 | $1,540 | $66,016 | $36,570 | Far off |
| Catron County | $221,080 | $1,621 | $69,488 | $49,864 | A stretch |
| McKinley County | $222,008 | $1,643 | $70,406 | $47,668 | Far off |
| Torrance County | $225,160 | $1,685 | $72,202 | $57,842 | A stretch |
| Otero County | $233,516 | $1,768 | $75,790 | $55,876 | A stretch |
| Colfax County | $242,599 | $1,828 | $78,322 | $53,554 | Far off |
| Eddy County | $252,846 | $1,891 | $81,034 | $78,426 | Right at the edge |
| San Miguel County | $255,464 | $1,916 | $82,120 | $49,431 | Far off |
| San Juan County | $281,652 | $2,123 | $90,991 | $55,872 | Far off |
| Doña Ana County | $287,946 | $2,201 | $94,310 | $56,848 | Far off |
| Valencia County | $319,532 | $2,422 | $103,810 | $58,933 | Far off |
| Rio Arriba County | $335,846 | $2,447 | $104,864 | $57,155 | Far off |
| Lincoln County | $335,138 | $2,531 | $108,485 | $53,303 | Out of reach |
| Bernalillo County | $349,025 | $2,727 | $116,882 | $69,473 | Far off |
| Sandoval County | $374,178 | $2,864 | $122,726 | $86,636 | A stretch |
| Taos County | $438,441 | $3,240 | $138,856 | $58,950 | Out of reach |
| Santa Fe County | $552,709 | $4,135 | $177,197 | $79,071 | Out of reach |
| Los Alamos County | $581,394 | $4,402 | $188,677 | $147,139 | A stretch |
10% down, 7.40% 30-year fixed, housing at 28% of gross income. How it works.