Affordable

What Salary Do You Need to Live in Los Chaves?

To afford a 2-bedroom in Los Chaves, you need to earn at least $43,120/year based on estimated fair market rent data. The median household income here is $77,364, which means the typical resident is $34,244 above the threshold.

Census ACS Data Pop. 4,840

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$755	$2,517	$30,200	$-47,164
1 Bedroom	$895	$2,983	$35,800	$-41,564
2 Bedroom BENCHMARK	$1,078	$3,593	$43,120	$-34,244
3 Bedroom	$1,315	$4,383	$52,600	$-24,764
4 Bedroom	$1,617	$5,390	$64,680	$-12,684

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$77,364

Annual household

2BR Required Salary

$43,120

Under 30% rule

Income Gap

+$34,244

Surplus

Verdict

Affordable

Ratio: 16.7%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Los Chaves

Your Annual Salary

Pre-filled with Los Chaves's median household income

Max monthly rent you can afford$1,934

Studio

$755/mo

1 BR

$895/mo

2 BR

$1,078/mo

3 BR

$1,315/mo

4 BR

$1,617/mo

Your salary is $0 above the median income in Los Chaves.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Los Chaves

Los Chaves, New Mexico stands out as one of the more financially accessible housing markets in the state. The median household income of $77,364 significantly exceeds the $43,120 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $34,244 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Los Chaves, a studio at $755/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,315/month remains accessible for dual-income households earning above $52,600.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $64,680 would position you well — though many residents in Los Chaves 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 Los Chaves, New Mexico.

With a total population of 4,840, the city supports an active civilian workforce of 2,109 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $43,120 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

2,109

Active civilian employees in Los Chaves

Frequently Asked Questions About Renting in Los Chaves

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

To afford a 2-bedroom in Los Chaves under the 30% rule, you need an annual salary of at least $43,120. The median household income in Los Chaves is $77,364.

Can I afford a 2-bedroom in Los Chaves on $77,364?

The affordability verdict for Los Chaves is "Affordable". The rent-to-income ratio is 16.7%, meaning median earners have a $34,244 surplus.

What is the average rent in Los Chaves compared to median income?

The median gross rent in Los Chaves is $895/month. With a median household income of $77,364, residents spend approximately 16.7% of their income on rent.

What salary do I need for a studio in Los Chaves?

A studio in Los Chaves rents for approximately $755/month. Under the 30% rule, you need an annual salary of $30,200 to afford this.

Is Los Chaves considered an affordable place to live?

Based on the surplus of $34,244 and an affordability verdict of "Affordable", Los Chaves is considered a affordable rental market when comparing the required 2-bedroom salary of $43,120 to the local median household income.

How Los Chaves Compares

Other cities in New Mexico with salary requirements