Stretched

What Salary Do You Need to Live in Loving?

To afford a 2-bedroom in Loving, you need to earn at least $57,920/year based on estimated fair market rent data. The median household income here is $50,000, which means the typical resident is $7,920 below the threshold.

Census ACS Data Pop. 1,413

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$1,014	$3,380	$40,560	$-9,440
1 Bedroom	$1,202	$4,007	$48,080	$-1,920
2 Bedroom BENCHMARK	$1,448	$4,827	$57,920	+$7,920
3 Bedroom	$1,767	$5,890	$70,680	+$20,680
4 Bedroom	$2,172	$7,240	$86,880	+$36,880

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$50,000

Annual household

2BR Required Salary

$57,920

Under 30% rule

Income Gap

-$7,920

Deficit

Verdict

Stretched

Ratio: 34.8%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Loving's median household income

Max monthly rent you can afford$1,250

Studio

$1,014/mo

1 BR

$1,202/mo

2 BR

$1,448/mo

3 BR

$1,767/mo

4 BR

$2,172/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Loving

Loving's rental market puts real pressure on median earners. A 2-bedroom at $1,448/month requires $57,920/year — about $7,920 more than the median household income. Roommates or dual incomes significantly change the equation.

If you're relocating to Loving, target the studio or 1-bedroom tier ($1,014–$1,202/month) unless your income exceeds $57,920. A roommate splitting a 2-bedroom effectively halves the individual rent burden to $724/month.

The break-even salary for comfortable living in Loving is approximately $86,880. 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 Loving, New Mexico.

With a total population of 1,413, the city supports an active civilian workforce of 477 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $57,920 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

477

Active civilian employees in Loving

Frequently Asked Questions About Renting in Loving

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

To afford a 2-bedroom in Loving under the 30% rule, you need an annual salary of at least $57,920. The median household income in Loving is $50,000.

Can I afford a 2-bedroom in Loving on $50,000?

The affordability verdict for Loving is "Stretched". The rent-to-income ratio is 34.8%, meaning there's a $7,920 income gap.

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

The median gross rent in Loving is $1,202/month. With a median household income of $50,000, residents spend approximately 34.8% of their income on rent.

What salary do I need for a studio in Loving?

A studio in Loving rents for approximately $1,014/month. Under the 30% rule, you need an annual salary of $40,560 to afford this.

Is Loving considered an affordable place to live?

Based on the deficit of $7,920 and an affordability verdict of "Stretched", Loving is considered a stretched rental market when comparing the required 2-bedroom salary of $57,920 to the local median household income.

How Loving Compares

Other cities in New Mexico with salary requirements