salaryRent here is among the lowest 10% of all U.S. cities. A typical house costs about 4.6 years of household income. Commutes are short, about 19.8 minutes. Most homes (76.3%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $37,880 a year. That is $18 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 12 of 44 cities from cheapest to most expensive.
How much do households earn in North Valley?
Share of households by yearly income. 20.3% of households earn $100,000 or more.
Rent by apartment size in North Valley
| Size | North Valley | U.S. average |
|---|---|---|
| 1 bedroom | $827 | $1,324 |
| 2 bedrooms | $903 | $1,509 |
| 3 bedrooms | $1,375 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is North Valley 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 North Valley, so the New Mexico figure is shown.
Taxes and bills in North Valley
Life in North Valley
Is it cheaper to rent or buy in North Valley?
Renting is cheaper right now: about $1,153 a month less.
Owning assumes a typical $302,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $30,270 for the down payment.
Frequently asked questions
What is the average rent in North Valley, NM?
Renting in North Valley costs a median of about $947 a month in 2026, including utilities. The New Mexico median is $1,181.
How much do I need to make to live in North Valley?
To keep rent under 30% of income, you need about $37,880 a year, or $18 an hour at a full-time job.
Is North Valley cheap or expensive?
North Valley is rated Cheap: rent takes 17.1% of the typical household income of $66,326. It ranks 12th cheapest of 44 New Mexico cities we track.
How much are property taxes in North Valley?
The median homeowner in North Valley pays $2,120 a year in property taxes, about 0.70% of the median home value.
Is North Valley 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 North Valley?
The median home value in North Valley is $302,700, about 4.6 times the typical yearly household income.
10,455 people live in North Valley. Numbers are typical (middle) values.