Cities › New Mexico

Cost of Living in Alamogordo, NM

Population 31,307 · Census ACS 2020–2024 5-year estimates

Median rent$902
Median home value$172,900
Median household income$55,952

The median rent in Alamogordo, NM is $902/month, 15% lower than the New Mexico median and 36% lower than the U.S. median. The median home value is $172,900, 48% lower than the national median. Households earn a median of $55,952 a year, 13% lower than the state median.

Affordability

Rent as a share of median income: 19.3%
Income needed for median rent (30% rule): $36,080/yr
Home price-to-income ratio: 3.1×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $874/mo

Run your own numbers: mortgage calculator · hourly to salary

Alamogordo vs. New Mexico vs. U.S.

AlamogordoNew MexicoU.S.
Median rent$902$1,067$1,413
Median home value$172,900$248,100$332,700
Median household income$55,952$64,059$80,734
Homeownership rate61.6%70.0%65.2%
Bachelor's degree or higher25.5%31.0%35.7%
Poverty rate16.6%17.8%12.5%
Unemployment rate7.5%6.0%5.2%
Work from home7.3%12.2%15.1%
Median age37.139.438.9

FAQ

What is the average rent in Alamogordo, NM?

The median gross rent in Alamogordo, NM is $902 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Alamogordo, NM?

Using the common 30% rule, renting a median-priced home takes about $36,080 a year in gross income.

Is Alamogordo, NM expensive to live in?

Rent there is 36% lower than the U.S. median, and the median home costs about 3.1 times the median household income.

Other cities in New Mexico

Albuquerque, NMRent $1,145 · Income $68,317Las Cruces, NMRent $974 · Income $55,422Rio Rancho, NMRent $1,514 · Income $89,596Santa Fe, NMRent $1,463 · Income $73,482Roswell, NMRent $876 · Income $51,583Farmington, NMRent $1,037 · Income $68,784

Cities with a similar cost of living

Owensboro, KYRent $905 · Income $56,357Elyria, OHRent $906 · Income $54,945Winona, MNRent $882 · Income $56,337Laramie, WYRent $925 · Income $55,613Xenia, OHRent $931 · Income $56,029Cape Girardeau, MORent $876 · Income $55,658

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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