Cost of Living in North Valley, NM
Population 11,474 · New Mexico · Data vintage 2023
(100 = US avg)
North Valley sits on the smaller end of the New Mexico city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. A poverty rate near 20% adds context to the income figures — well above the US average, and worth factoring into any comparison with cities on the coasts or in the Rockies.
North Valley sits roughly 5 miles north of Albuquerque — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 9% higher than Albuquerque's $267,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in North Valley
The median home value in North Valley is $290,500 — 5% below the national median of $305,000. Median rent runs $1,063/month, 19% lower than the national median of $1,314/month. The median household income of $67,115/year is 10% lower than the US median of $74,580. The local unemployment rate is 6.3%, above 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 70.3°F and lows of 45.5°F, with about 7.9" of annual snowfall. Overall, North Valley has a cost of living index of 90 versus the US average of 100, meaning it is 10% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 48 | 54 | 63 | 70 | 80 | 90 | 91 | 89 | 83 | 71 | 57 | 47 |
| Low °F | 26 | 30 | 36 | 43 | 52 | 62 | 67 | 65 | 58 | 46 | 34 | 27 |
| Precip" | 0.36 | 0.43 | 0.46 | 0.51 | 0.44 | 0.57 | 1.64 | 1.31 | 1.15 | 0.87 | 0.57 | 0.53 |
| Snow" | 1.4 | 1.5 | 0.7 | 0.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.3 | 0.9 | 2.8 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in North Valley, NM?
North Valley has a cost index of 90 (100 = national average). It is 10% below the national average.
What is average rent in North Valley, NM?
The median gross rent in North Valley is $1,063 per month based on 2023 Census data.
What is the average home price in North Valley?
The median home value in North Valley is $290,500 according to 2023 Census ACS data.
What is the median income in North Valley?
The median household income in North Valley is $67,115 per year (2023 ACS 5-year estimates).
What is the sales tax in North Valley, NM?
The combined state and local sales tax rate in North Valley is 7.7%. The New Mexico state income tax top rate is 5.9%.
Is North Valley, NM affordable?
North Valley is near the national average in terms of cost of living, with an index of 90 (100 = US average).
What is the weather like in North Valley?
North Valley has average high temperatures of 70.3°F and average lows of 45.5°F. Annual precipitation is 8.8". Average annual snowfall is 7.9". Data from NOAA 1991–2020 Climate Normals.
North Valley at a Glance
- Population
- 11,474
- Median Income
- $67,115
- Home Value
- $290,500
- Median Rent
- $1,063/mo
- Unemployment
- 6.3%
- Avg High Temp
- 70.3°F
- Sales Tax
- 7.7%
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New Mexico Rankings
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