Los Lunas, NM

Below Avg · 79

New Mexico · Population 17,932 · Updated March 2026

$1,157
Median Rent / Month
$63,696
Median Income
$232,700
Median Home Value
$1,159
Owner Costs / Month

Affordability

How far your income goes in Los Lunas

21.8%
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

$13,884
Annual Rent
$3,758
State Income Tax
$1,559
Property Tax (est.)

Cost of Living Overview

Los Lunas is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 79 (where 100 equals the national median), Los Lunas residents can expect to pay median rent of $1,157/month while earning a median household income of $63,696/year.

The median home value in Los Lunas, NM is $232,700, with typical monthly owner costs around $1,159 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.8% 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 Los Lunas.

Frequently Asked Questions

Common questions about living costs in Los Lunas

What is the cost of living in Los Lunas, NM?
The cost of living index in Los Lunas, NM is 79 (US average = 100). Median monthly rent is $1,157, median household income is $63,696/year, and the median home value is $232,700.
Is Los Lunas, NM affordable?
Yes, Los Lunas is more affordable than the national average with a cost index of 79. The rent-to-income ratio is 21.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Los Lunas, NM?
The median gross rent in Los Lunas, NM is $1,157 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,884.
What is the median household income in Los Lunas?
The median household income in Los Lunas, NM is $63,696 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%.