Cost of Living in Eddy County, NM
Population 61,105 · Census ACS 2020–2024 5-year estimates
The median rent in Eddy County, NM is $1,245/month, 17% higher than the New Mexico median and 12% lower than the U.S. median. The median home value is $212,600, 36% lower than the national median. Households earn a median of $78,426 a year, 22% higher than the state median.
Affordability
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Eddy County vs. New Mexico vs. U.S.
| Eddy County | New Mexico | U.S. | |
|---|---|---|---|
| Median rent | $1,245 | $1,067 | $1,413 |
| Median home value | $212,600 | $248,100 | $332,700 |
| Median household income | $78,426 | $64,059 | $80,734 |
| Homeownership rate | 73.3% | 70.0% | 65.2% |
| Bachelor's degree or higher | 19.3% | 31.0% | 35.7% |
| Poverty rate | 13.8% | 17.8% | 12.5% |
| Unemployment rate | 5.5% | 6.0% | 5.2% |
| Work from home | 6.5% | 12.2% | 15.1% |
| Median age | 36.2 | 39.4 | 38.9 |
FAQ
What is the average rent in Eddy County, NM?
The median gross rent in Eddy County, NM is $1,245 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Eddy County, NM?
Using the common 30% rule, renting a median-priced home takes about $49,800 a year in gross income.
Is Eddy County, NM expensive to live in?
Rent there is 12% lower than the U.S. median, and the median home costs about 2.7 times the median household income.
Other counties in New Mexico
Counties 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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