Cost of Living in Clovis, NM
Population: 38,153 • 2026 Data
$54,029
Median Household Income
-30% vs national
$947
Median Monthly Rent
-30% vs national
$160,000
Median Home Value
-53% vs national
6.8%
Unemployment Rate
Housing in Clovis
The median home value in Clovis, NM is $160,000. Monthly rent for a typical unit averages $947, while total monthly housing costs (including utilities and insurance) average $918.
Rent-to-income ratio: 21.0%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Clovis, NM is $54,029. The unemployment rate stands at 6.8%, with a labor force of 18,036 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.