Cost of Living in Valencia County, NM
Population 78,458 · Census ACS 2020–2024 5-year estimates
The median rent in Valencia County, NM is $1,015/month, 5% lower than the New Mexico median and 28% lower than the U.S. median. The median home value is $223,000, 33% lower than the national median. Households earn a median of $58,933 a year, 8% lower than the state median.
Affordability
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Valencia County vs. New Mexico vs. U.S.
| Valencia County | New Mexico | U.S. | |
|---|---|---|---|
| Median rent | $1,015 | $1,067 | $1,413 |
| Median home value | $223,000 | $248,100 | $332,700 |
| Median household income | $58,933 | $64,059 | $80,734 |
| Homeownership rate | 83.2% | 70.0% | 65.2% |
| Bachelor's degree or higher | 20.9% | 31.0% | 35.7% |
| Poverty rate | 18.1% | 17.8% | 12.5% |
| Unemployment rate | 7.0% | 6.0% | 5.2% |
| Work from home | 11.1% | 12.2% | 15.1% |
| Median age | 39.4 | 39.4 | 38.9 |
FAQ
What is the average rent in Valencia County, NM?
The median gross rent in Valencia County, NM is $1,015 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Valencia County, NM?
Using the common 30% rule, renting a median-priced home takes about $40,600 a year in gross income.
Is Valencia County, NM expensive to live in?
Rent there is 28% lower than the U.S. median, and the median home costs about 3.8 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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