Cost of Living in Aztec, NM

Population 6,177 · New Mexico · Data vintage 2023

56
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Aztec's median household income of $42,699 is a meaningful share below the national figure, which shapes most of the downstream economic indicators — from housing affordability to the share of residents living below the poverty line (25% here).

Geographically, Aztec lies roughly 125 miles northwest of the nearest major metro, Rio Rancho. Median home values run roughly 40% lower than Rio Rancho's $273,000.

Cost Overview

Housing 54
Rent 58

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Aztec

The median home value in Aztec is $164,700 — 46% below the national median of $305,000. Median rent runs $765/month, 42% lower than the national median of $1,314/month. The median household income of $42,699/year is 43% lower than the US median of $74,580. The local unemployment rate is 3.0%, below the national average of 4.8%. New Mexico's top state income tax rate is 5.9% and the combined sales tax is 7.7%. The climate averages highs of 68.2°F and lows of 38.2°F. Overall, Aztec has a cost of living index of 56 versus the US average of 100, meaning it is 44% less expensive.

🏠 Housing

Median Home Value
$164,700
46% below avg
Zillow Home Value
$261,763
Zillow ZHVI
Median Rent
$765/mo
42% below avg
Price-to-Rent Ratio
17.9x
Favors buying
Property Tax Rate
0.8%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$678
1 BR
$790
2 BR
$933
3 BR
$1,307
4 BR
$1,549
Owner-occupied 64.5%
Renter-occupied 35.5%

💰 Estimated Monthly Budget

Rent median rent
$765
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,379/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
24.0 min
11% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
5.5%

Commute Mode

Drove alone
81.3%
Carpooled
9.9%
Public transit
0.1%
Walked
2.9%
Bicycle
0.3%
Work from home
5.5%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 5.9%
Total Sales Tax 7.7%
State rate 5.0%
Avg local rate 2.7%
Property Tax 0.8%

💼 Income & Employment

Median Household Income
$42,699
43% below avg
Per Capita Income
$24,360
Unemployment Rate
3.0%
37% below avg
Poverty Rate
24.7%
Labor Force Participation
57.7%

🎓 Education

Bachelor's degree+ 10.3%
Graduate degree 7.7%

👥 Demographics

Median Age 34.1
Male median age 35
Female median age 33.6

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
68.2°F
Avg Low
38.2°F
Annual Precip
7.8"
10° 33° 55° 78° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 435060677789939082695543
Low °F 192430354453616051382719
Precip" 0.720.650.600.560.530.200.630.791.060.790.660.57

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 46 — Good
68.2%
Good air days/yr
117
Max AQI recorded
0
PM2.5 days
362
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

76%
4-Year Graduation Rate
15.4:1
Student-teacher ratio
7
Public schools
2,873
Total enrollment

Frequently Asked Questions

What is the cost of living in Aztec, NM?

Aztec has a cost index of 56 (100 = national average). It is 44% below the national average.

What is average rent in Aztec, NM?

The median gross rent in Aztec is $765 per month based on 2023 Census data.

What is the average home price in Aztec?

The median home value in Aztec is $164,700 according to Zillow and Census data.

What is the median income in Aztec?

The median household income in Aztec is $42,699 per year (2023 ACS 5-year estimates).

What is the sales tax in Aztec, NM?

The combined state and local sales tax rate in Aztec is 7.7%. The New Mexico state income tax top rate is 5.9%.

Is Aztec, NM affordable?

Yes, Aztec is generally considered affordable, with a cost of living index of 56 — about 44% below the US national average of 100.

What is the weather like in Aztec?

Aztec has average high temperatures of 68.2°F and average lows of 38.2°F. Annual precipitation is 7.8". Data from NOAA 1991–2020 Climate Normals.

Aztec at a Glance

Population
6,177
Median Income
$42,699
Home Value
$164,700
Median Rent
$765/mo
Unemployment
3.0%
Avg High Temp
68.2°F
Sales Tax
7.7%
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