Cities › New Mexico

Cost of Living in Gallup, NM

Population 21,023 · Census ACS 2020–2024 5-year estimates

Median rent$927
Median home value$165,200
Median household income$58,303

The median rent in Gallup, NM is $927/month, 13% lower than the New Mexico median and 34% lower than the U.S. median. The median home value is $165,200, 50% lower than the national median. Households earn a median of $58,303 a year, 9% lower than the state median.

Affordability

Rent as a share of median income: 19.1%
Income needed for median rent (30% rule): $37,080/yr
Home price-to-income ratio: 2.8×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $835/mo

Run your own numbers: mortgage calculator · hourly to salary

Gallup vs. New Mexico vs. U.S.

GallupNew MexicoU.S.
Median rent$927$1,067$1,413
Median home value$165,200$248,100$332,700
Median household income$58,303$64,059$80,734
Homeownership rate52.1%70.0%65.2%
Bachelor's degree or higher23.5%31.0%35.7%
Poverty rate26.8%17.8%12.5%
Unemployment rate5.7%6.0%5.2%
Work from home5.4%12.2%15.1%
Median age34.439.438.9

FAQ

What is the average rent in Gallup, NM?

The median gross rent in Gallup, NM is $927 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $37,080 a year in gross income.

Is Gallup, NM expensive to live in?

Rent there is 34% lower than the U.S. median, and the median home costs about 2.8 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

Hays, KSRent $922 · Income $58,459North Platte, NERent $921 · Income $58,097Burlington, IARent $924 · Income $59,000Waterloo, IARent $923 · Income $57,480Bartlesville, OKRent $916 · Income $58,869Moscow, IDRent $927 · Income $57,022

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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