salaryRent is lower than in 84% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 16.4 minutes.
How much money do I need?
To rent here comfortably, you should earn about $42,440 a year. That is $20 an hour at a full-time job.
Is rent cheaper than other New Mexico cities?
Yes. Rent here is cheaper than in most of New Mexico. It is number 16 of 44 cities from cheapest to most expensive.
How much do households earn in Clovis?
Share of households by yearly income. 13.7% of households earn $100,000 or more.
Rent by apartment size in Clovis
| Size | Clovis | U.S. average |
|---|---|---|
| Studio | $965 | $1,338 |
| 1 bedroom | $685 | $1,324 |
| 2 bedrooms | $1,056 | $1,509 |
| 3 bedrooms | $1,336 | $1,698 |
| 4 bedrooms | $1,456 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Clovis overall?
Everyday prices in New Mexico overall are 8% below the U.S. average (index 92.2, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Clovis, so the New Mexico figure is shown.
Taxes and bills in Clovis
Life in Clovis
Is it cheaper to rent or buy in Clovis?
Renting is cheaper right now: about $114 a month less.
Owning assumes a typical $169,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $16,940 for the down payment.
Frequently asked questions
What is the average rent in Clovis, NM?
Renting in Clovis costs a median of about $1,061 a month in 2026, including utilities. The New Mexico median is $1,181.
How much do I need to make to live in Clovis?
To keep rent under 30% of income, you need about $42,440 a year, or $20 an hour at a full-time job.
Is Clovis cheap or expensive?
Clovis is rated OK: rent takes 21.5% of the typical household income of $59,123. It ranks 16th cheapest of 44 New Mexico cities we track.
How much are property taxes in Clovis?
The median homeowner in Clovis pays $1,075 a year in property taxes, about 0.63% of the median home value.
Is Clovis 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 Clovis?
The median home value in Clovis is $169,400, about 2.9 times the typical yearly household income.
37,942 people live in Clovis. Numbers are typical (middle) values.