Ranked from ACS 2023 5-Year
Lowest Salary Needed to Buy a Home in New Mexico
The counties where an ordinary income still buys the median home outright by the 28% rule, with the whole monthly bill counted: tax, insurance, utilities and maintenance included, not just the loan payment.
Where does yours land?
Every county in America is somewhere on this scale, including the one you live in.
New Mexico ranked
| # | County | Income needed | Monthly to own | Median home |
|---|---|---|---|---|
| 1 | Quay County | $31,500 | $740 | $82,200 |
| 2 | McKinley County | $32,000 | $746 | $72,100 |
| 3 | Harding County | $32,500 | $753 | $86,500 |
| 4 | Guadalupe County | $39,000 | $907 | $107,200 |
| 5 | Hidalgo County | $40,500 | $947 | $114,000 |
| 6 | Luna County | $40,500 | $948 | $112,500 |
| 7 | Mora County | $42,500 | $995 | $119,900 |
| 8 | Cibola County | $44,000 | $1,024 | $120,000 |
| 9 | Roosevelt County | $47,000 | $1,095 | $136,000 |
| 10 | Union County | $47,500 | $1,110 | $135,900 |
| 11 | Chaves County | $49,500 | $1,160 | $141,900 |
| 12 | Socorro County | $49,500 | $1,158 | $143,200 |
| 13 | Sierra County | $50,000 | $1,169 | $144,800 |
| 14 | Torrance County | $50,000 | $1,161 | $145,100 |
| 15 | Otero County | $51,500 | $1,203 | $149,500 |
| 16 | De Baca County | $53,500 | $1,254 | $158,000 |
| 17 | Colfax County | $55,000 | $1,285 | $161,000 |
| 18 | Curry County | $55,000 | $1,281 | $160,800 |
| 19 | Grant County | $55,500 | $1,292 | $164,400 |
| 20 | Catron County | $57,000 | $1,326 | $171,800 |
| 21 | Lea County | $59,000 | $1,373 | $176,000 |
| 22 | San Miguel County | $60,000 | $1,397 | $177,600 |
| 23 | San Juan County | $63,000 | $1,467 | $185,100 |
| 24 | Eddy County | $66,000 | $1,539 | $199,400 |
| 25 | Doña Ana County | $69,000 | $1,612 | $205,400 |
| 26 | Valencia County | $69,500 | $1,617 | $206,800 |
| 27 | Lincoln County | $70,000 | $1,634 | $212,200 |
| 28 | Rio Arriba County | $74,500 | $1,743 | $230,900 |
| 29 | Bernalillo County | $90,500 | $2,114 | $268,500 |
| 30 | Sandoval County | $93,000 | $2,171 | $282,300 |
| 31 | Taos County | $109,500 | $2,552 | $354,000 |
| 32 | Santa Fe County | $130,000 | $3,038 | $416,900 |
| 33 | Los Alamos County | $142,000 | $3,308 | $452,500 |
Every figure is modelled on the county's own median home with 20% down at 6.76%. 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
Lowest Salary Needed to Buy a Home across all 3,133 US counties · Every county in New Mexico