State Facts
| Minimum Wage | $12.00 |
|---|---|
| 2-Bedroom Housing Wage | $25.15 |
| Number of Renter Households | 251,477 |
| Number of Renter Households Below 30% AMI |
67,295 |
| Percent of Renter Households Below 30% AMI |
27% |
| Number of Renter Households Below 50% AMI |
98,111 |
| Percent of Renter Households Below 50% AMI |
40% |
Working at minimum wage $12.00/hr
Each week you have to work 69 hours
To afford a modest 1 bedroom rental home at Fair Market Rent
Connect to NetworkNew Mexico
| New Mexico | New Mexico Non-metropolitan areas | Albuquerque MSA | Farmington MSA | Las Cruces MSA | Santa Fe MSA | |
|---|---|---|---|---|---|---|
Number of Households |
||||||
| Total | 837,414 | 264,001 | 376,025 | 41,732 | 84,889 | 70,767 |
| Renter | 251,477 | 73,629 | 116,350 | 12,019 | 29,315 | 20,164 |
| Percent Renters | 30% | 28% | 31% | 29% | 35% | 28% |
Housing Wage |
||||||
| Zero-Bedroom | $17.98 | $15.64 | $19.40 | $16.96 | $14.31 | $24.21 |
| One-Bedroom | $20.73 | $17.42 | $22.79 | $17.02 | $18.29 | $26.73 |
| Two-Bedroom | $25.15 | $21.14 | $28.15 | $20.87 | $20.04 | $32.40 |
| Three-Bedroom | $34.06 | $27.46 | $39.15 | $29.02 | $27.87 | $40.81 |
| Four-Bedroom | $39.23 | $32.12 | $46.13 | $31.35 | $30.38 | $42.90 |
Fair Market Rent |
||||||
| Zero-Bedroom | $935 | $813 | $1,009 | $882 | $744 | $1,259 |
| One-Bedroom | $1,078 | $906 | $1,185 | $885 | $951 | $1,390 |
| Two-Bedroom | $1,308 | $1,099 | $1,464 | $1,085 | $1,042 | $1,685 |
| Three-Bedroom | $1,771 | $1,428 | $2,036 | $1,509 | $1,449 | $2,122 |
| Four-Bedroom | $2,040 | $1,670 | $2,399 | $1,630 | $1,580 | $2,231 |
Annual Income Needed to Afford |
||||||
| Zero-Bedroom | $37,388 | $32,522 | $40,360 | $35,280 | $29,760 | $50,360 |
| One-Bedroom | $43,124 | $36,234 | $47,400 | $35,400 | $38,040 | $55,600 |
| Two-Bedroom | $52,302 | $43,962 | $58,560 | $43,400 | $41,680 | $67,400 |
| Three-Bedroom | $70,848 | $57,110 | $81,440 | $60,360 | $57,960 | $84,880 |
| Four-Bedroom | $81,595 | $66,800 | $95,960 | $65,200 | $63,200 | $89,240 |
Minimum Wage |
||||||
| Minimum Wage | $12.00 | $12.00 | $12.00 | $12.00 | $12.00 | $12.00 |
| Rent Affordable for a Full-Time Worker at Minimum Wage | $624 | $624 | $624 | $624 | $624 | $624 |
Work Hours/Week at Minimum Wage |
||||||
| Zero-Bedroom | 60 | 52 | 65 | 57 | 48 | 81 |
| One-Bedroom | 69 | 58 | 76 | 57 | 61 | 89 |
| Two-Bedroom | 84 | 70 | 94 | 70 | 67 | 108 |
| Three-Bedroom | 114 | 92 | 131 | 97 | 93 | 136 |
| Four-Bedroom | 131 | 107 | 154 | 104 | 101 | 143 |
Supplemental Security Income (SSI) Payment |
||||||
| SSI Monthly Payment | $994 | $994 | $994 | $994 | $994 | $994 |
| Rent affordable to SSI recipient | $298 | $298 | $298 | $298 | $298 | $298 |
Income Levels |
||||||
| 30% of Area Median Income (AMI) | $27,436 | $23,073 | $30,120 | $24,090 | $23,970 | $35,580 |
| 50% of Area Median Income (AMI) | $45,726 | $38,455 | $50,200 | $40,150 | $39,950 | $59,300 |
| Median Renter Household Income | $44,262 | $40,878 | $47,767 | $40,490 | $34,346 | $53,052 |
Rent Affordable at Different Income Levels |
||||||
| 30% of Area Median Income (AMI) | $686 | $577 | $753 | $602 | $599 | $890 |
| 50% of Area Median Income (AMI) | $1,143 | $961 | $1,255 | $1,004 | $999 | $1,483 |
| Median Renter Household Income | $1,107 | $1,022 | $1,194 | $1,012 | $859 | $1,326 |
Median Wages for State’s Most Common Occupations
| Occupation | Total Employment | Median Hourly Wage |
|---|---|---|
| Home Health and Personal Care Aides | 38,910 | $14.09 |
| Fast Food and Counter Workers | 28,250 | $14.18 |
| Cashiers | 19,020 | $14.88 |
| Maids and Housekeeping Cleaners | 6,180 | $15.06 |
| Retail Salespersons | 23,800 | $16.46 |
| Food Preparation Workers | 6,850 | $16.49 |
| Cooks, Restaurant | 7,810 | $17.31 |
| Receptionists and Information Clerks | 5,650 | $17.36 |
| Stockers and Order Fillers | 16,540 | $17.70 |
| Janitors and Cleaners, Except Maids and Housekeeping Cleaners | 14,360 | $17.80 |
| Waiters and Waitresses | 12,740 | $18.24 |
| Office Clerks, General | 11,880 | $18.35 |
| Laborers and Freight, Stock, and Material Movers, Hand | 10,200 | $18.40 |
| Construction Laborers | 12,470 | $18.97 |
| Customer Service Representatives | 16,950 | $19.29 |
| Medical Assistants | 5,400 | $19.39 |
| First-Line Supervisors of Food Preparation and Serving Workers | 6,540 | $19.43 |
| Housing Wage 1 Bedroom | $20.73 | |
| Security Guards | 8,410 | $21.41 |
| Maintenance and Repair Workers, General | 9,320 | $22.61 |
| Secretaries and Administrative Assistants, Except Legal, Medical, and Executive | 25,430 | $22.95 |
| First-Line Supervisors of Retail Sales Workers | 7,660 | $23.00 |
| All Occupations | 870,970 | $23.33 |
| Bookkeeping, Accounting, and Auditing Clerks | 7,780 | $23.76 |
| Heavy and Tractor-Trailer Truck Drivers | 11,820 | $24.96 |
| Housing Wage 2 Bedroom | $25.15 | |
| Operating Engineers and Other Construction Equipment Operators | 5,520 | $25.70 |
| First-Line Supervisors of Office and Administrative Support Workers | 8,330 | $30.95 |
| First-Line Supervisors of Construction Trades and Extraction Workers | 6,790 | $37.13 |
| Accountants and Auditors | 6,300 | $38.83 |
| Business Operations Specialists, All Other | 8,450 | $39.09 |
| Registered Nurses | 17,980 | $46.62 |
| General and Operations Managers | 16,330 | $48.74 |