salaryRent is lower than in 60% of U.S. cities. A typical house costs about 4.1 years of household income. Commutes are long, about 30.8 minutes each way.
How much money do I need?
To rent here comfortably, you should earn about $58,160 a year. That is $28 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 35 of 44 cities from cheapest to most expensive.
How much do households earn in Española?
Share of households by yearly income. 16.7% of households earn $100,000 or more.
Rent by apartment size in Española
| Size | Española | U.S. average |
|---|---|---|
| Studio | $623 | $1,338 |
| 1 bedroom | $388 | $1,324 |
| 2 bedrooms | $868 | $1,509 |
| 3 bedrooms | $1,014 | $1,698 |
| 4 bedrooms | $1,033 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Española 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 Española, so the New Mexico figure is shown.
Taxes and bills in Española
Life in Española
Is it cheaper to rent or buy in Española?
About the same. Renting and owning cost within $9 of each other each month.
Owning assumes a typical $210,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $21,080 for the down payment.
Frequently asked questions
What is the average rent in Española, NM?
Renting in Española costs a median of about $1,454 a month in 2026, including utilities. The New Mexico median is $1,181.
How much do I need to make to live in Española?
To keep rent under 30% of income, you need about $58,160 a year, or $28 an hour at a full-time job.
Is Española cheap or expensive?
Española is rated Expensive: rent takes 33.9% of the typical household income of $51,409. It ranks 35th cheapest of 44 New Mexico cities we track.
How much are property taxes in Española?
The median homeowner in Española pays $1,032 a year in property taxes, about 0.49% of the median home value.
Is Española 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 Española?
The median home value in Española is $210,800, about 4.1 times the typical yearly household income.
10,473 people live in Española. Numbers are typical (middle) values.