Grant County, NM at a glance
Median household income
$44,958$3,747 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Grant County, NM?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
How much is rent in Grant County, NM? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Grant County, NM, with the income each one takes if rent stays under 30% of it.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $795 | $9,540 | $31,800 | 21.2% |
| 1-Bedroom Apartment | $801 | $9,612 | $32,040 | 21.4% |
| 2-Bedroom ApartmentBenchmark | $1,048 | $12,576 | $41,920 | 28% |
| 3-Bedroom Home | $1,304 | $15,648 | $52,160 | 34.8% |
| 4-Bedroom Home | $1,388 | $16,656 | $55,520 | 37% |
What a typical income covers in Grant County, NM
The 50/30/20 rule applied to the local median of $44,958 a year ($3,747 a month before tax).
What $44,958 leaves after New Mexico taxes
Federal income tax, Social Security, Medicare and New Mexico tax on the local median income. Change the salary to see yours.
Rent, jobs and pay in New Mexico
Living in Grant County, NM: common questions
What is the median household income in Grant County, NM?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Grant County, NM is $44,958 per year (approximately $3,747 per month).
What is the average rent in Grant County, NM?
The closest official figure is HUD's Fair Market Rent for 2026: $795 for a studio, $801 for one bedroom, $1,048 for two, $1,304 for three and $1,388 for four, utilities included.
It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.
Is Grant County, NM expensive to live in?
Prices there run 7.8% below the U.S. average. BEA's regional price parity for New Mexico is 92.2, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.
How much do you need to earn to comfortably afford rent in Grant County, NM?
To keep a $1,048 two-bedroom under 30% of gross income, a household needs about $41,920 a year, or $3,493 a month. That is 93% of what the typical household in Grant County, NM earns.
How much do you need to live comfortably in Grant County, NM?
On the local median income of $44,958 ($3,747 a month before tax), the 50/30/20 rule leaves $1,873 a month for needs like rent, utilities and groceries, $1,124 for everything else and $749 for savings or debt. A two-bedroom at $1,048 takes 56% of the needs share.
How much is the electric bill in Grant County, NM?
Homes in New Mexico paid 15.1¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $136. Your bill depends mostly on heating and cooling.