Affordable

What Salary Do You Need to Live in Los Ranchos de Albuquerque?

To afford a 2-bedroom in Los Ranchos de Albuquerque, you need to earn at least $45,320/year based on estimated fair market rent data. The median household income here is $67,747, which means the typical resident is $22,427 above the threshold.

Census ACS Data Pop. 5,894

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$793	$2,643	$31,720	$-36,027
1 Bedroom	$940	$3,133	$37,600	$-30,147
2 Bedroom BENCHMARK	$1,133	$3,777	$45,320	$-22,427
3 Bedroom	$1,382	$4,607	$55,280	$-12,467
4 Bedroom	$1,700	$5,667	$68,000	+$253

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$67,747

Annual household

2BR Required Salary

$45,320

Under 30% rule

Income Gap

+$22,427

Surplus

Verdict

Affordable

Ratio: 20.1%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Los Ranchos de Albuquerque

Your Annual Salary

Pre-filled with Los Ranchos de Albuquerque's median household income

Max monthly rent you can afford$1,694

Studio

$793/mo

1 BR

$940/mo

2 BR

$1,133/mo

3 BR

$1,382/mo

4 BR

$1,700/mo

Your salary is $0 above the median income in Los Ranchos de Albuquerque.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Los Ranchos de Albuquerque'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 Ranchos de Albuquerque

Los Ranchos de Albuquerque, New Mexico stands out as one of the more financially accessible housing markets in the state. The median household income of $67,747 significantly exceeds the $45,320 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $22,427 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Los Ranchos de Albuquerque, a studio at $793/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,382/month remains accessible for dual-income households earning above $55,280.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $67,980 would position you well — though many residents in Los Ranchos de Albuquerque 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 Ranchos de Albuquerque, New Mexico.

With a total population of 5,894, the city supports an active civilian workforce of 2,364 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $45,320 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

2,364

Active civilian employees in Los Ranchos de Albuquerque

Frequently Asked Questions About Renting in Los Ranchos de Albuquerque

What salary do I need to live in Los Ranchos de Albuquerque, New Mexico?

To afford a 2-bedroom in Los Ranchos de Albuquerque under the 30% rule, you need an annual salary of at least $45,320. The median household income in Los Ranchos de Albuquerque is $67,747.

Can I afford a 2-bedroom in Los Ranchos de Albuquerque on $67,747?

The affordability verdict for Los Ranchos de Albuquerque is "Affordable". The rent-to-income ratio is 20.1%, meaning median earners have a $22,427 surplus.

What is the average rent in Los Ranchos de Albuquerque compared to median income?

The median gross rent in Los Ranchos de Albuquerque is $940/month. With a median household income of $67,747, residents spend approximately 20.1% of their income on rent.

What salary do I need for a studio in Los Ranchos de Albuquerque?

A studio in Los Ranchos de Albuquerque rents for approximately $793/month. Under the 30% rule, you need an annual salary of $31,720 to afford this.

Is Los Ranchos de Albuquerque considered an affordable place to live?

Based on the surplus of $22,427 and an affordability verdict of "Affordable", Los Ranchos de Albuquerque is considered a affordable rental market when comparing the required 2-bedroom salary of $45,320 to the local median household income.

How Los Ranchos de Albuquerque Compares

Other cities in New Mexico with salary requirements