Cost of Living in Las Cruces, New Mexico
In Las Cruces, the median household income is $55,422 and the median gross rent is $974/mo, with a median home value of $231,700. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $55,422
- Median gross rent
- $974/mo
- Median home value
- $231,700
- Population
- 114,197
How Las Cruces compares to the New Mexico average
| Measure | Las Cruces, NM | New Mexico statewide | Difference |
|---|---|---|---|
| Median household income | $55,422 | $64,059 | -13.5% |
| Median gross rent (monthly) | $974 | $1,067 | -8.7% |
| Median home value | $231,700 | $248,100 | -6.6% |
Statewide, New Mexico prices average 92.2 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in Las Cruces
- Salary needed for median rent
- $38,960
- Rent burden at median income
- 21.1%
- Est. affordable home price
- $202,176
So that $974/mo is 30% of gross income
Share of the median household income spent on median rent (30%+ = cost-burdened)
At median income, 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI
The median home value in Las Cruces is $231,700 — +14.6% above what the median household income supports under these assumptions.
Estimates from documented formulas — see methodology. Not financial advice.
Cost of living in other New Mexico cities
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.