What your paycheck buys · Updated every Friday

What a paycheck buys in New Mexico this week

Out of reach · #42 of 50 on affordability · rate for the week of October 22, 2026

A median New Mexico household earning $67,620 a year can afford a home of about $213,000 at this week’s 7.32% average 30-year rate. The median New Mexico listing is $399,475, which would take 52.4% of that household’s gross income, against the usual 28% ceiling.

$213,000

Affordable home price

+$1,407 vs. last week · −$4,257 vs. a year ago

$399,000

Median list price (September 2026)

−$425 vs. a year earlier

Affordability index (100 = within reach)

U.S. 66 · New Mexico 54 a year ago

52.4%

Share of income the median listing takes

$2,952/mo incl. taxes & insurance · U.S. 42.5%

$68,000

Median household income (2025)

U.S. $87,000

#42

Rank of 50 (1 = most affordable)

See the full ranking

Compared with a year ago

A year ago, with the 30-year rate at 6.19%, a median list price of $399,900 and median income of $62,660 (2024 figure), the same household could afford about $218,000 and the median listing took 51.4% of income. Affordability in New Mexico has worsened since then.

Nearby in the ranking

#40 Tennessee: can afford $238,000, median listing $429,000
#41 Rhode Island: can afford $306,000, median listing $570,000
#43 Oregon: can afford $293,000, median listing $550,000
#44 Massachusetts: can afford $374,000, median listing $714,000

Run your own numbers →

How this is calculated: 28% of gross monthly income for housing, 10% down, a 30-year fixed loan at Freddie Mac’s weekly average, and 1.45% of the price a year for taxes and insurance. Full method, caveats, and sources on the main index page. An educational gauge, not a mortgage quote.