Alamogordo, NM

Very Low · 58

New Mexico · Population 31,063 · Updated March 2026

$886
Median Rent / Month
$52,515
Median Income
$163,600
Median Home Value
$847
Owner Costs / Month

Affordability

How far your income goes in Alamogordo

20.2%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in New Mexico

State-level tax rates that affect your costs

5.9%
Income Tax (Top Rate)
5.0%
Sales Tax
0.67%
Property Tax Rate

Estimated Annual Costs

$10,632
Annual Rent
$3,098
State Income Tax
$1,096
Property Tax (est.)

Cost of Living Overview

Alamogordo is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 58 (where 100 equals the national median), Alamogordo residents can expect to pay median rent of $886/month while earning a median household income of $52,515/year.

The median home value in Alamogordo, NM is $163,600, with typical monthly owner costs around $847 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.2% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

New Mexico has a moderate income tax rate of 5.9%. Combined with a 5.0% sales tax rate and 0.67% effective property tax rate, the overall tax environment is a factor in the total cost of living in Alamogordo.

Frequently Asked Questions

Common questions about living costs in Alamogordo

What is the cost of living in Alamogordo, NM?
The cost of living index in Alamogordo, NM is 58 (US average = 100). Median monthly rent is $886, median household income is $52,515/year, and the median home value is $163,600.
Is Alamogordo, NM affordable?
Yes, Alamogordo is more affordable than the national average with a cost index of 58. The rent-to-income ratio is 20.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Alamogordo, NM?
The median gross rent in Alamogordo, NM is $886 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,632.
What is the median household income in Alamogordo?
The median household income in Alamogordo, NM is $52,515 per year. This compares to the national median of approximately $80,000.
What are the taxes like in New Mexico?
New Mexico has a top income tax rate of 5.9%, a sales tax of 5.0%, and an effective property tax rate of 0.67%.