Cost of Living in Lea County, NM

What does it cost to live in Lea County? Income, housing, and affordability breakdown.

Median Income

$65,855

Median Rent

$1,031/mo

Median Home

$162,000

Affordability

586

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$819
Property Tax$63
Insurance$54

Total Monthly$936
% of Income17.1%

Renting

Median Rent$1,031
Renter's Insurance$25

Total Monthly$1,056
% of Income18.8%

Living in Lea County, New Mexico

Lea County has a median household income of $65,855 with housing costs that represent 17.1% of income for owners and 18.8% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 586 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in New Mexico

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.