Affordable

What Salary Do You Need to Live in Paraje?

To afford a 2-bedroom in Paraje, you need to earn at least $10,280/year based on estimated fair market rent data. The median household income here is $28,942, which means the typical resident is $18,662 above the threshold.

Census ACS Data Pop. 1,362

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$180	$600	$7,200	$-21,742
1 Bedroom	$213	$710	$8,520	$-20,422
2 Bedroom BENCHMARK	$257	$857	$10,280	$-18,662
3 Bedroom	$314	$1,047	$12,560	$-16,382
4 Bedroom	$386	$1,287	$15,440	$-13,502

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$28,942

Annual household

2BR Required Salary

$10,280

Under 30% rule

Income Gap

+$18,662

Surplus

Verdict

Affordable

Ratio: 10.7%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Paraje's median household income

Max monthly rent you can afford$724

Studio

$180/mo

1 BR

$213/mo

2 BR

$257/mo

3 BR

$314/mo

4 BR

$386/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Paraje

Living in Paraje is well within reach for most median-income earners. With a $18,662 cushion between what residents earn and what a 2-bedroom requires, households in Paraje typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Paraje, a studio at $180/month offers an even more aggressive savings rate. Even a 3-bedroom at $314/month remains accessible for dual-income households earning above $12,560.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $15,420 would position you well — though many residents in Paraje 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 Paraje, New Mexico.

With a total population of 1,362, the city supports an active civilian workforce of 456 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $10,280 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

456

Active civilian employees in Paraje

Frequently Asked Questions About Renting in Paraje

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

To afford a 2-bedroom in Paraje under the 30% rule, you need an annual salary of at least $10,280. The median household income in Paraje is $28,942.

Can I afford a 2-bedroom in Paraje on $28,942?

The affordability verdict for Paraje is "Affordable". The rent-to-income ratio is 10.7%, meaning median earners have a $18,662 surplus.

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

The median gross rent in Paraje is $213/month. With a median household income of $28,942, residents spend approximately 10.7% of their income on rent.

What salary do I need for a studio in Paraje?

A studio in Paraje rents for approximately $180/month. Under the 30% rule, you need an annual salary of $7,200 to afford this.

Is Paraje considered an affordable place to live?

Based on the surplus of $18,662 and an affordability verdict of "Affordable", Paraje is considered a affordable rental market when comparing the required 2-bedroom salary of $10,280 to the local median household income.

How Paraje Compares

Other cities in New Mexico with salary requirements