salaryRent is lower than in 77% 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 19.3 minutes.
How much money do I need?
To rent here comfortably, you should earn about $47,320 a year. That is $23 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 25 of 44 cities from cheapest to most expensive.
How much do households earn in Raton?
Share of households by yearly income. 10.7% of households earn $100,000 or more.
Rent by apartment size in Raton
| Size | Raton | U.S. average |
|---|---|---|
| 1 bedroom | $636 | $1,324 |
| 2 bedrooms | $806 | $1,509 |
| 3 bedrooms | $997 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Raton 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 Raton, so the New Mexico figure is shown.
Taxes and bills in Raton
Life in Raton
Is it cheaper to rent or buy in Raton?
Buying is cheaper month to month: about $251 a month less than renting.
Owning assumes a typical $134,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $13,430 for the down payment.
Frequently asked questions
What is the average rent in Raton, NM?
Renting in Raton costs a median of about $1,183 a month in 2026, including utilities. The New Mexico median is $1,181.
How much do I need to make to live in Raton?
To keep rent under 30% of income, you need about $47,320 a year, or $23 an hour at a full-time job.
Is Raton cheap or expensive?
Raton is rated OK: rent takes 25.0% of the typical household income of $56,773. It ranks 25th cheapest of 44 New Mexico cities we track.
How much are property taxes in Raton?
The median homeowner in Raton pays $719 a year in property taxes, about 0.54% of the median home value.
Is Raton 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 Raton?
The median home value in Raton is $134,300, about 2.4 times the typical yearly household income.
6,026 people live in Raton. Numbers are typical (middle) values.