The cheapest cities to live in New Mexico ranked by median rent, home values, and more.
| # | City | Median Rent | Median Income | Home Value | Population |
|---|---|---|---|---|---|
| 1 | Roswell, NM | $840 | $50,294 | $139,200 | 47,823 |
| 2 | Alamogordo, NM | $886 | $52,515 | $163,600 | 31,063 |
| 3 | South Valley, NM | $942 | $51,062 | $205,200 | 36,605 |
| 4 | Las Cruces, NM | $946 | $55,176 | $217,400 | 112,612 |
| 5 | Clovis, NM | $947 | $54,029 | $160,000 | 38,153 |
| 6 | Farmington, NM | $993 | $63,745 | $225,400 | 46,339 |
| 7 | Albuquerque, NM | $1,085 | $65,604 | $266,700 | 562,488 |
| 8 | Hobbs, NM | $1,132 | $65,691 | $180,700 | 39,887 |
| 9 | Carlsbad, NM | $1,206 | $78,277 | $187,900 | 31,813 |
| 10 | Santa Fe, NM | $1,380 | $70,110 | $411,500 | 88,224 |
| 11 | Rio Rancho, NM | $1,481 | $85,755 | $273,300 | 106,533 |
Key Takeaways
- Roswell, NM ranks #1 with a median rent of $840.
- The top 5 cities are: Roswell, NM; Alamogordo, NM; South Valley, NM; Las Cruces, NM; Clovis, NM.
- Median household income in the #1 city is $50,294, with a population of 47,823.
Methodology
Rankings based on US Census Bureau American Community Survey 5-Year Estimates. Only cities with population over 50,000 are included in national rankings. State rankings include all cities over 25,000. Data reflects the most recent available estimates.