salaryRent here is among the lowest 10% of all U.S. cities. A typical house costs about 3.4 years of household income. Commutes are short, about 11.5 minutes.
How much money do I need?
To rent here comfortably, you should earn about $26,320 a year. That is $13 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 4 of 44 cities from cheapest to most expensive.
How much do households earn in Truth or Consequences?
Share of households by yearly income. 8.5% of households earn $100,000 or more.
Rent by apartment size in Truth or Consequences
| Size | Truth or Consequences | U.S. average |
|---|---|---|
| 1 bedroom | $451 | $1,324 |
| 2 bedrooms | $895 | $1,509 |
| 3 bedrooms | $1,173 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Truth or Consequences 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 Truth or Consequences, so the New Mexico figure is shown.
Taxes and bills in Truth or Consequences
Life in Truth or Consequences
Is it cheaper to rent or buy in Truth or Consequences?
Renting is cheaper right now: about $207 a month less.
Owning assumes a typical $124,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $12,460 for the down payment.
Frequently asked questions
What is the average rent in Truth or Consequences, NM?
Renting in Truth or Consequences costs a median of about $658 a month in 2026, including utilities. The New Mexico median is $1,181.
How much do I need to make to live in Truth or Consequences?
To keep rent under 30% of income, you need about $26,320 a year, or $13 an hour at a full-time job.
Is Truth or Consequences cheap or expensive?
Truth or Consequences is rated OK: rent takes 21.7% of the typical household income of $36,440. It ranks 4th cheapest of 44 New Mexico cities we track.
How much are property taxes in Truth or Consequences?
The median homeowner in Truth or Consequences pays $718 a year in property taxes, about 0.58% of the median home value.
Is Truth or Consequences 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 Truth or Consequences?
The median home value in Truth or Consequences is $124,600, about 3.4 times the typical yearly household income.
6,019 people live in Truth or Consequences. Numbers are typical (middle) values.