New Mexico · Census, HUD and BEA figures · Updated

Cost of Living in Quay County, NM

Prices around Quay County, NM run 7.8% below the U.S. average (BEA, New Mexico). The typical household there earns $41,946 a year, and HUD puts a two-bedroom at $973 a month. Keeping that rent under 30% of income takes about $38,920 a year.

Quay County, NM at a glance

Median household income

$41,946$3,496 per month · U.S. Census Bureau ACS 5-Year
2-bedroom rent$973HUD FY2026 Fair Market Rent
Price level (U.S. = 100)92.2-7.8% · BEA, New Mexico
Electricity15.1¢per kWh · EIA Residential NM
Population8,564Census ACS 5-year estimate

How much rent can you afford in Quay County, NM?

HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.

Affordable (< 30% of income)
HUD Fair Market Rent$973Monthly market rent
Share of gross income27.8%Recommended max: 30%
Annual income needed$38,920To meet the 30% standard
Max affordable rent$1,049At 30% of $41,946
0%30% (Affordability standard)100%
Compare against:

How much is rent in Quay County, NM? By bedroom, 2026

HUD's fiscal 2026 Fair Market Rents for Quay County, NM, with the income each one takes if rent stays under 30% of it.

HUD Fair Market Rent in Quay County, NM, fiscal 2026
Unit SizeMonthly RentAnnual Rent30% Rule Min. Income% of Median Income
Studio / Efficiency$723$8,676$28,92020.7%
1-Bedroom Apartment$742$8,904$29,68021.2%
2-Bedroom ApartmentBenchmark$973$11,676$38,92027.8%
3-Bedroom Home$1,227$14,724$49,08035.1%
4-Bedroom Home$1,569$18,828$62,76044.9%

Rent in Quay County, NM, with the wage each unit needs →

What a typical income covers in Quay County, NM

The 50/30/20 rule applied to the local median of $41,946 a year ($3,496 a month before tax).

Needs (50%)$1,748/moRent ($973 2-BR), utilities (~$136/mo), groceries, transit
Wants (30%)$1,049/moEating out, travel, subscriptions and the rest
Savings and debt (20%)$699/moEmergency fund, retirement, paying down loans

What $41,946 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.

$41,946
$15,000$85,000
Filing status:
Gross salary breakdown$41,946
Net 84%
Fed 7%
NM 2%
FICA 8%
Annual take-home$35,032After all taxes
Monthly deposit$2,919Estimated per month
Biweekly paycheck$1,347Every 2 weeks (26/yr)
Effective tax rate16.5%Total tax burden
Federal income tax$2,854 / yr
New Mexico state income tax$851 / yr
FICA (Social Security & Medicare)$3,209 / yr

Living in Quay County, NM: common questions

What is the median household income in Quay County, NM?

According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Quay County, NM is $41,946 per year (approximately $3,496 per month).

What is the average rent in Quay County, NM?

The closest official figure is HUD's Fair Market Rent for 2026: $723 for a studio, $742 for one bedroom, $973 for two, $1,227 for three and $1,569 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 Quay 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 Quay County, NM?

To keep a $973 two-bedroom under 30% of gross income, a household needs about $38,920 a year, or $3,243 a month. That is 93% of what the typical household in Quay County, NM earns.

How much do you need to live comfortably in Quay County, NM?

On the local median income of $41,946 ($3,496 a month before tax), the 50/30/20 rule leaves $1,748 a month for needs like rent, utilities and groceries, $1,049 for everything else and $699 for savings or debt. A two-bedroom at $973 takes 56% of the needs share.

How much is the electric bill in Quay 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.