Stretched

What Salary Do You Need to Live in Chamisal?

To afford a 2-bedroom in Chamisal, you need to earn at least $40,960/year based on estimated fair market rent data. The median household income here is $34,875, which means the typical resident is $6,085 below the threshold.

Census ACS Data Pop. 358

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$717	$2,390	$28,680	$-6,195
1 Bedroom	$850	$2,833	$34,000	$-875
2 Bedroom BENCHMARK	$1,024	$3,413	$40,960	+$6,085
3 Bedroom	$1,249	$4,163	$49,960	+$15,085
4 Bedroom	$1,536	$5,120	$61,440	+$26,565

Affordability Breakdown

Where the required salary line crosses above Chamisal's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$34,875

Annual household

2BR Required Salary

$40,960

Under 30% rule

Income Gap

-$6,085

Deficit

Verdict

Stretched

Ratio: 35.2%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Chamisal

Your Annual Salary

Pre-filled with Chamisal's median household income

Max monthly rent you can afford$872

Studio

$717/mo

1 BR

$850/mo

2 BR

$1,024/mo

3 BR

$1,249/mo

4 BR

$1,536/mo

Your salary is $0 above the median income in Chamisal.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Chamisal's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Chamisal

Chamisal's rental market puts real pressure on median earners. A 2-bedroom at $1,024/month requires $40,960/year — about $6,085 more than the median household income. Roommates or dual incomes significantly change the equation.

If you're relocating to Chamisal, target the studio or 1-bedroom tier ($717–$850/month) unless your income exceeds $40,960. A roommate splitting a 2-bedroom effectively halves the individual rent burden to $512/month.

The break-even salary for comfortable living in Chamisal is approximately $61,440. Below this threshold, expect housing to consume a disproportionate share of your budget, limiting discretionary spending and savings capacity.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Chamisal, New Mexico.

With a total population of 358, the city supports an active civilian workforce of 157 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $40,960 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

157

Active civilian employees in Chamisal

Frequently Asked Questions About Renting in Chamisal

What salary do I need to live in Chamisal, New Mexico?

To afford a 2-bedroom in Chamisal under the 30% rule, you need an annual salary of at least $40,960. The median household income in Chamisal is $34,875.

Can I afford a 2-bedroom in Chamisal on $34,875?

The affordability verdict for Chamisal is "Stretched". The rent-to-income ratio is 35.2%, meaning there's a $6,085 income gap.

What is the average rent in Chamisal compared to median income?

The median gross rent in Chamisal is $850/month. With a median household income of $34,875, residents spend approximately 35.2% of their income on rent.

What salary do I need for a studio in Chamisal?

A studio in Chamisal rents for approximately $717/month. Under the 30% rule, you need an annual salary of $28,680 to afford this.

Is Chamisal considered an affordable place to live?

Based on the deficit of $6,085 and an affordability verdict of "Stretched", Chamisal is considered a stretched rental market when comparing the required 2-bedroom salary of $40,960 to the local median household income.

How Chamisal Compares

Other cities in New Mexico with salary requirements