#36
New Mexico
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State Facts
Minimum Wage
$10.50
Average Renter Wage
$14.37
2-Bedroom Housing Wage
$17.22
Number of Renter Households
252,353
Percent Renters
32%
Affordable Rent for Low Income Households
Fair Market Rent
Working at
minimum wage
$10.50/hr
Each week you
have to work
54HOURS!
To afford a modest
1 bedroom
rental home at
Fair Market Rent
Compare Jurisdictions
| Number of Households | New Mexico | Albuquerque MSA |
|---|---|---|
| Total | 780,249 | 351,354 |
| Renter | 252,353 | 115,957 |
| Percent Renters | 32% | 33% |
| Housing Wage | New Mexico | Albuquerque MSA |
|---|---|---|
| Zero-Bedroom | $12.39 | $11.94 |
| One-Bedroom | $14.16 | $14.81 |
| Two-Bedroom | $17.22 | $18.08 |
| Three-Bedroom | $23.84 | $25.87 |
| Four-Bedroom | $28.31 | $31.10 |
| Fair Market Rent | New Mexico | Albuquerque MSA |
|---|---|---|
| Zero-Bedroom | $644 | $621 |
| One-Bedroom | $737 | $770 |
| Two-Bedroom | $895 | $940 |
| Three-Bedroom | $1,239 | $1,345 |
| Four-Bedroom | $1,472 | $1,617 |
| Annual Income Needed to Afford | New Mexico | Albuquerque MSA |
|---|---|---|
| Zero-Bedroom | $25,774 | $24,840 |
| One-Bedroom | $29,461 | $30,800 |
| Two-Bedroom | $35,814 | $37,600 |
| Three-Bedroom | $49,579 | $53,800 |
| Four-Bedroom | $58,890 | $64,680 |
| Minimum Wage | New Mexico | Albuquerque MSA |
|---|---|---|
| Minimum Wage | $10.50 | $10.50 |
| Rent Affordable at Minimum Wage | $546 | $546 |
| Work Hours/Week at Minimum Wage | New Mexico | Albuquerque MSA |
|---|---|---|
| Zero-Bedroom | 47 | 45 |
| One-Bedroom | 54 | 56 |
| Two-Bedroom | 66 | 69 |
| Three-Bedroom | 91 | 99 |
| Four-Bedroom | 108 | 118 |
| Renter Wage | New Mexico | Albuquerque MSA |
|---|---|---|
| Estimated Mean Renter Wage | $14.37 | $13.87 |
| Rent Affordable at Mean Renter Wage | $747 | $721 |
| Work Hours/Week at Mean Renter Wage | New Mexico | Albuquerque MSA |
|---|---|---|
| Zero-Bedroom | 34 | 34 |
| One-Bedroom | 39 | 43 |
| Two-Bedroom | 48 | 52 |
| Three-Bedroom | 66 | 75 |
| Four-Bedroom | 79 | 90 |
| Supplemental Security Income (SSI) Payment | New Mexico | Albuquerque MSA |
|---|---|---|
| SSI Monthly Payment | $794 | $794 |
| Rent Affordable to SSI Recipient | $238 | $238 |
| Income Levels | New Mexico | Albuquerque MSA |
|---|---|---|
| 30% of Area Median Income (AMI) | $18,570 | $20,250 |
| Estimated Renter Median Household Income | $33,417 | $34,026 |
| Rent Affordable at Different Income Levels | New Mexico | Albuquerque MSA |
|---|---|---|
| 30% of Area Median Income (AMI) | $464 | $506 |
| Estimated Renter Median Household Income | $835 | $851 |
Median Wages for Largest Occupations
| Occupation | Total Employment | Median Hourly Wage |
|---|---|---|
| Waiters and Waitresses | 12,420 | $9.72 |
| Teaching Assistants, Except Postsecondary | 7,600 | $9.94 |
| Fast Food and Counter Workers | 23,820 | $10.04 |
| Home Health and Personal Care Aides | 31,090 | $10.79 |
| Food Preparation Workers | 5,850 | $11.27 |
| Cashiers | 21,440 | $11.32 |
| Janitors and Cleaners, Except Maids and Housekeeping Cleaners | 11,730 | $12.13 |
| Office Clerks, General | 7,710 | $12.17 |
| Cooks, Restaurant | 7,180 | $12.34 |
| Retail Salespersons | 21,370 | $12.63 |
| Security Guards | 6,790 | $13.34 |
| Laborers and Freight, Stock, and Material Movers, Hand | 9,270 | $13.55 |
| Stockers and Order Fillers | 10,930 | $14.11 |
| One-Bedroom Housing Wage | $14.16 | |
| First-Line Supervisors of Food Preparation and Serving Workers | 6,110 | $14.83 |
| Customer Service Representatives | 18,360 | $15.27 |
| Medical Assistants | 7,230 | $15.45 |
| Construction Laborers | 9,940 | $16.52 |
| Maintenance and Repair Workers, General | 8,350 | $16.74 |
| Two-Bedroom Housing Wage | $17.22 | |
| Secretaries and Administrative Assistants, Except Legal, Medical, and Executive | 28,360 | $17.25 |
| All Occupations | $18.43 | |
| Bookkeeping, Accounting, and Auditing Clerks | 8,410 | $18.79 |
| First-Line Supervisors of Retail Sales Workers | 7,180 | $18.86 |
| Heavy and Tractor-Trailer Truck Drivers | 11,620 | $21.18 |
| First-Line Supervisors of Office and Administrative Support Workers | 9,210 | $26.42 |
| Secondary School Teachers, Except Special and Career/Technical Education | 6,180 | $27.49 |
| Elementary School Teachers, Except Special Education | 7,860 | $28.63 |
| First-Line Supervisors of Construction Trades and Extraction Workers | 6,860 | $29.53 |
| Accountants and Auditors | 6,430 | $30.23 |
| Project Management Specialists and Business Operations Specialists, All Other | 9,630 | $35.77 |
| Registered Nurses | 17,100 | $37.16 |
| General and Operations Managers | 13,770 | $46.18 |
†Renter wage data not available.
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