Cost of Living in Clovis, NM
Population 37,942 · Census ACS 2020–2024 5-year estimates
The median rent in Clovis, NM is $988/month, 7% lower than the New Mexico median and 30% lower than the U.S. median. The median home value is $169,400, 49% lower than the national median. Households earn a median of $54,820 a year, 14% lower than the state median.
Affordability
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Clovis vs. New Mexico vs. U.S.
| Clovis | New Mexico | U.S. | |
|---|---|---|---|
| Median rent | $988 | $1,067 | $1,413 |
| Median home value | $169,400 | $248,100 | $332,700 |
| Median household income | $54,820 | $64,059 | $80,734 |
| Homeownership rate | 62.1% | 70.0% | 65.2% |
| Bachelor's degree or higher | 23.6% | 31.0% | 35.7% |
| Poverty rate | 21.7% | 17.8% | 12.5% |
| Unemployment rate | 8.8% | 6.0% | 5.2% |
| Work from home | 4.0% | 12.2% | 15.1% |
| Median age | 31.9 | 39.4 | 38.9 |
FAQ
What is the average rent in Clovis, NM?
The median gross rent in Clovis, NM is $988 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Clovis, NM?
Using the common 30% rule, renting a median-priced home takes about $39,520 a year in gross income.
Is Clovis, NM expensive to live in?
Rent there is 30% lower than the U.S. median, and the median home costs about 3.1 times the median household income.
Other cities in New Mexico
Cities with a similar cost of living
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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