States › New Mexico › Bloomfield

Is Bloomfield, NM expensive to live in?

OKRent takes 29 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,27128% lower than U.S. average
💵 Families earn per year (2026)$52,277about $4,356/month · 40% lower than U.S. average
🔑 House price$161,20052% lower than U.S. average

Rent is lower than in 71% of U.S. cities. A typical house costs about 3.1 years of household income. Commutes are short, about 19.4 minutes.

How much money do I need?

To rent here comfortably, you should earn about $50,840 a year. That is $24 an hour at a full-time job.

Is rent cheaper than other New Mexico cities?

No. Rent here is more expensive than in most of New Mexico. It is number 31 of 44 cities from cheapest to most expensive.

Bloomfield
$1,271
Belen
$1,148
Shiprock
$461
Ruidoso
$1,480
Taos
$2,448
Socorro
$1,308
Corrales
$1,212

How much do households earn in Bloomfield?

Under $25k
26.7%
$25k–50k
22.2%
$50k–100k
35.4%
$100k–150k
3.4%
$150k+
6.0%

Share of households by yearly income. 9.3% of households earn $100,000 or more.

Rent by apartment size in Bloomfield

SizeBloomfieldU.S. average
2 bedrooms$998$1,509
3 bedrooms$1,315$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Bloomfield overall?

Everyday prices in New Mexico overall are 8% below the U.S. average (index 92.2, U.S. = 100).

Housing
74
Goods (food, clothes…)
96
Utilities
78
Other services
99
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Bloomfield, so the New Mexico figure is shown.

Taxes and bills in Bloomfield

🏛️ Property tax$1,211a year · 0.75% of home value · U.S. $3,119
⚡ Electric bill$114a month (typical) · U.S. $156

Life in Bloomfield

Commute to work19.4 minU.S.: 26.4 min
College degree14.9%U.S.: 35.7%
Own their home70.1%U.S.: 65.2%
Below poverty line25.7%U.S.: 12.5%
Unemployment5.7%U.S.: 5.2%

Is it cheaper to rent or buy in Bloomfield?

Buying is cheaper month to month: about $152 a month less than renting.

Renting
$1,271
Owning
$1,119

Owning assumes a typical $161,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $16,120 for the down payment.

Frequently asked questions

What is the average rent in Bloomfield, NM?

Renting in Bloomfield costs a median of about $1,271 a month in 2026, including utilities. The New Mexico median is $1,181.

How much do I need to make to live in Bloomfield?

To keep rent under 30% of income, you need about $50,840 a year, or $24 an hour at a full-time job.

Is Bloomfield cheap or expensive?

Bloomfield is rated OK: rent takes 29.2% of the typical household income of $52,277. It ranks 31st cheapest of 44 New Mexico cities we track.

How much are property taxes in Bloomfield?

The median homeowner in Bloomfield pays $1,211 a year in property taxes, about 0.75% of the median home value.

Is Bloomfield more expensive than the national average?

Overall prices in New Mexico are 8% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Bloomfield?

The median home value in Bloomfield is $161,200, about 3.1 times the typical yearly household income.

7,395 people live in Bloomfield. Numbers are typical (middle) values.