Cost of Living in Torrance County, NM
What does it cost to live in Torrance County? Income, housing, and affordability breakdown.
Median Income
$50,727
Median Rent
$731/mo
Median Home
$132,600
Affordability
546
Housing Cost Breakdown
Owning (20% down, 6.5%)
Renting
Living in Torrance County, New Mexico
Torrance County has a median household income of $50,727 with housing costs that represent 18.3% of income for owners and 17.3% for renters. Housing costs are within the recommended 30% of income threshold.
The affordability index of 546 (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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