Affordable

What Salary Do You Need to Live in Lovington?

To afford a 2-bedroom in Lovington, you need to earn at least $44,920/year based on estimated fair market rent data. The median household income here is $70,029, which means the typical resident is $25,109 above the threshold.

Census ACS Data Pop. 11,495

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$786	$2,620	$31,440	$-38,589
1 Bedroom	$932	$3,107	$37,280	$-32,749
2 Bedroom BENCHMARK	$1,123	$3,743	$44,920	$-25,109
3 Bedroom	$1,370	$4,567	$54,800	$-15,229
4 Bedroom	$1,685	$5,617	$67,400	$-2,629

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$70,029

Annual household

2BR Required Salary

$44,920

Under 30% rule

Income Gap

+$25,109

Surplus

Verdict

Affordable

Ratio: 19.2%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Lovington's median household income

Max monthly rent you can afford$1,751

Studio

$786/mo

1 BR

$932/mo

2 BR

$1,123/mo

3 BR

$1,370/mo

4 BR

$1,685/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Lovington

Lovington, New Mexico stands out as one of the more financially accessible housing markets in the state. The median household income of $70,029 significantly exceeds the $44,920 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $25,109 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Lovington, a studio at $786/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,370/month remains accessible for dual-income households earning above $54,800.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $67,380 would position you well — though many residents in Lovington 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 Lovington, New Mexico.

With a total population of 11,495, the city supports an active civilian workforce of 4,162 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $44,920 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

4,162

Active civilian employees in Lovington

Frequently Asked Questions About Renting in Lovington

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

To afford a 2-bedroom in Lovington under the 30% rule, you need an annual salary of at least $44,920. The median household income in Lovington is $70,029.

Can I afford a 2-bedroom in Lovington on $70,029?

The affordability verdict for Lovington is "Affordable". The rent-to-income ratio is 19.2%, meaning median earners have a $25,109 surplus.

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

The median gross rent in Lovington is $932/month. With a median household income of $70,029, residents spend approximately 19.2% of their income on rent.

What salary do I need for a studio in Lovington?

A studio in Lovington rents for approximately $786/month. Under the 30% rule, you need an annual salary of $31,440 to afford this.

Is Lovington considered an affordable place to live?

Based on the surplus of $25,109 and an affordability verdict of "Affordable", Lovington is considered a affordable rental market when comparing the required 2-bedroom salary of $44,920 to the local median household income.

How Lovington Compares

Other cities in New Mexico with salary requirements