Artesia, NM

Very Low · 62

New Mexico · Population 12,555 · Updated March 2026

$875
Median Rent / Month
$77,647
Median Income
$213,800
Median Home Value
$746
Owner Costs / Month

Affordability

How far your income goes in Artesia

13.5%
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

$10,500
Annual Rent
$4,581
State Income Tax
$1,432
Property Tax (est.)

Cost of Living Overview

Artesia is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 62 (where 100 equals the national median), Artesia residents can expect to pay median rent of $875/month while earning a median household income of $77,647/year.

The median home value in Artesia, NM is $213,800, with typical monthly owner costs around $746 including mortgage, insurance, and taxes. The median rent-to-income ratio of 13.5% 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 Artesia.

Frequently Asked Questions

Common questions about living costs in Artesia

What is the cost of living in Artesia, NM?
The cost of living index in Artesia, NM is 62 (US average = 100). Median monthly rent is $875, median household income is $77,647/year, and the median home value is $213,800.
Is Artesia, NM affordable?
Yes, Artesia is more affordable than the national average with a cost index of 62. The rent-to-income ratio is 13.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Artesia, NM?
The median gross rent in Artesia, NM is $875 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,500.
What is the median household income in Artesia?
The median household income in Artesia, NM is $77,647 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%.