Roswell, NM

Very Low · 53

New Mexico · Population 47,823 · Updated March 2026

$840
Median Rent / Month
$50,294
Median Income
$139,200
Median Home Value
$769
Owner Costs / Month

Affordability

How far your income goes in Roswell

20.0%
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

$10,080
Annual Rent
$2,967
State Income Tax
$933
Property Tax (est.)

Cost of Living Overview

Roswell is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 53 (where 100 equals the national median), Roswell residents can expect to pay median rent of $840/month while earning a median household income of $50,294/year.

The median home value in Roswell, NM is $139,200, with typical monthly owner costs around $769 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.0% 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 Roswell.

Frequently Asked Questions

Common questions about living costs in Roswell

What is the cost of living in Roswell, NM?
The cost of living index in Roswell, NM is 53 (US average = 100). Median monthly rent is $840, median household income is $50,294/year, and the median home value is $139,200.
Is Roswell, NM affordable?
Yes, Roswell is more affordable than the national average with a cost index of 53. The rent-to-income ratio is 20.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Roswell, NM?
The median gross rent in Roswell, NM is $840 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,080.
What is the median household income in Roswell?
The median household income in Roswell, NM is $50,294 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%.