Ranked from ACS 2023 5-Year
Highest Salary Needed to Buy a Home in New Mexico
What a household has to earn to buy the county's own median home under the standard 28% rule, meaning housing costs at no more than 28% of gross income, counting the full monthly bill rather than just the mortgage. These are the counties where the entry ticket is steepest.
New Mexico ranked
| # | County | Income needed | Monthly to own | Median home |
|---|---|---|---|---|
| 1 | Los Alamos County | $145,000 | $3,380 | $452,500 |
| 2 | Santa Fe County | $133,000 | $3,105 | $416,900 |
| 3 | Taos County | $112,000 | $2,610 | $354,000 |
| 4 | Sandoval County | $95,000 | $2,218 | $282,300 |
| 5 | Bernalillo County | $92,500 | $2,160 | $268,500 |
| 6 | Rio Arriba County | $76,500 | $1,783 | $230,900 |
| 7 | Lincoln County | $71,500 | $1,671 | $212,200 |
| 8 | Valencia County | $71,000 | $1,654 | $206,800 |
| 9 | Doña Ana County | $70,500 | $1,648 | $205,400 |
| 10 | Eddy County | $67,500 | $1,574 | $199,400 |
| 11 | San Juan County | $64,500 | $1,501 | $185,100 |
| 12 | San Miguel County | $61,500 | $1,430 | $177,600 |
| 13 | Lea County | $60,000 | $1,405 | $176,000 |
| 14 | Catron County | $58,000 | $1,357 | $171,800 |
| 15 | Colfax County | $56,500 | $1,315 | $161,000 |
| 16 | Grant County | $56,500 | $1,323 | $164,400 |
| 17 | Curry County | $56,000 | $1,311 | $160,800 |
| 18 | De Baca County | $55,000 | $1,283 | $158,000 |
| 19 | Otero County | $53,000 | $1,232 | $149,500 |
| 20 | Sierra County | $51,500 | $1,197 | $144,800 |
| 21 | Chaves County | $51,000 | $1,187 | $141,900 |
| 22 | Socorro County | $51,000 | $1,186 | $143,200 |
| 23 | Torrance County | $51,000 | $1,189 | $145,100 |
| 24 | Union County | $48,500 | $1,136 | $135,900 |
| 25 | Roosevelt County | $48,000 | $1,122 | $136,000 |
| 26 | Cibola County | $45,000 | $1,048 | $120,000 |
| 27 | Mora County | $43,500 | $1,019 | $119,900 |
| 28 | Hidalgo County | $41,500 | $971 | $114,000 |
| 29 | Luna County | $41,500 | $971 | $112,500 |
| 30 | Guadalupe County | $40,000 | $929 | $107,200 |
| 31 | Harding County | $33,000 | $772 | $86,500 |
| 32 | McKinley County | $32,500 | $763 | $72,100 |
| 33 | Quay County | $32,500 | $759 | $82,200 |
Every figure is modelled on the county's own median home with 20% down at 7.03%. Property tax and electricity are county and state specific; homeowners insurance uses the NAIC average premium for that state, which ranges from 0.16% of home value in Hawaii to 1.16% in Oklahoma. Maintenance and water are national estimates. Full methodology.
Nationwide
Highest Salary Needed to Buy a Home across all 3,133 US counties · Every county in New Mexico