Affordable

What Salary Do You Need to Live in Hagerman?

To afford a 2-bedroom in Hagerman, you need to earn at least $28,560/year based on estimated fair market rent data. The median household income here is $52,500, which means the typical resident is $23,940 above the threshold.

Census ACS Data Pop. 730

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$500	$1,667	$20,000	$-32,500
1 Bedroom	$593	$1,977	$23,720	$-28,780
2 Bedroom BENCHMARK	$714	$2,380	$28,560	$-23,940
3 Bedroom	$871	$2,903	$34,840	$-17,660
4 Bedroom	$1,071	$3,570	$42,840	$-9,660

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$52,500

Annual household

2BR Required Salary

$28,560

Under 30% rule

Income Gap

+$23,940

Surplus

Verdict

Affordable

Ratio: 16.3%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Hagerman's median household income

Max monthly rent you can afford$1,313

Studio

$500/mo

1 BR

$593/mo

2 BR

$714/mo

3 BR

$871/mo

4 BR

$1,071/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Hagerman

Hagerman, New Mexico stands out as one of the more financially accessible housing markets in the state. The median household income of $52,500 significantly exceeds the $28,560 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $23,940 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Hagerman, a studio at $500/month offers an even more aggressive savings rate. Even a 3-bedroom at $871/month remains accessible for dual-income households earning above $34,840.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $42,840 would position you well — though many residents in Hagerman manage on less given the favorable rent-to-income dynamics.

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 Hagerman, New Mexico.

With a total population of 730, the city supports an active civilian workforce of 330 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $28,560 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

330

Active civilian employees in Hagerman

Frequently Asked Questions About Renting in Hagerman

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

To afford a 2-bedroom in Hagerman under the 30% rule, you need an annual salary of at least $28,560. The median household income in Hagerman is $52,500.

Can I afford a 2-bedroom in Hagerman on $52,500?

The affordability verdict for Hagerman is "Affordable". The rent-to-income ratio is 16.3%, meaning median earners have a $23,940 surplus.

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

The median gross rent in Hagerman is $593/month. With a median household income of $52,500, residents spend approximately 16.3% of their income on rent.

What salary do I need for a studio in Hagerman?

A studio in Hagerman rents for approximately $500/month. Under the 30% rule, you need an annual salary of $20,000 to afford this.

Is Hagerman considered an affordable place to live?

Based on the surplus of $23,940 and an affordability verdict of "Affordable", Hagerman is considered a affordable rental market when comparing the required 2-bedroom salary of $28,560 to the local median household income.

How Hagerman Compares

Other cities in New Mexico with salary requirements