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Albuquerque, NM

Cost of living in Valencia County, NM

Part of the Albuquerque Metro Area

Estimated monthly cost
$2,911/mo
for a single person, all categories combined

Population 77,382 · Last updated May 21, 2026

Cost breakdown

Single person, by category, per month.

Rent $1,084 37%
Healthcare $480 16%
Federal tax $395 14%
Groceries $326 11%
Transport $320 11%
Energy $130 4%
State tax $116 4%
Water $60 2%

Rent in Valencia County

Fair Market Rents by bedroom count.

Studio
$913
per month
1 bedroom
$1,084
per month
2 bedroom
$1,331
per month
3 bedroom
$1,865
per month
4 bedroom
$2,209
per month

Source: HUD FMR FY2025

Income and earnings in Valencia County

Annual earnings figures from the Census ACS.

Household income
$58,333
per year
Individual earnings
$34,217
per year
Per capita
$30,066
per year

Source: ACS 2019-2023 5-Year.

Home values in Valencia County

Average values reported by homeowners.

Average home value
$206,800
Annual property tax
$1,365

Source: ACS 2019-2023 5-Year

Energy costs in Valencia County

Estimated monthly electricity and gas costs.

Electricity
$92
per month · 15.4¢/kWh
Natural gas
$38
per month
Annual total
$1,560
per year

Source: EIA

Healthcare in Valencia County

Insurance premiums and coverage rates.

Individual premium
$480
per month
Family premium
$1,350
per month
Uninsured rate
8.0%

Source: ACS + national avg. Marketplace benchmark premiums are second-lowest Silver plan estimates and do not reflect employer plans, subsidies, or out-of-pocket costs. This is not healthcare advice.

Taxes in Valencia County

State and local tax rates for New Mexico.

State income tax
5.9%
Top marginal rate
State sales tax
5.0%
Combined sales tax
7.7%
incl. average local

Tax rates change. Consult a qualified tax professional for advice on your specific situation. This is not tax advice.

Transportation in Valencia County

Commute patterns and estimated costs.

Average commute
28.9 min
Drive alone
76.4%
Public transit
0.5%
Work from home
9.3%

Source: ACS

Monthly cost estimates for Valencia County

What it costs to live in Valencia County each month.

Single person
$2,911
per month
  • Rent $1,084
  • Energy $130
  • Water $60
  • Groceries $326
  • Transport $320
  • Healthcare $480
  • Federal tax $395
  • State tax $116
Couple
$4,221
per month
  • Rent $1,331
  • Energy $156
  • Water $70
  • Groceries $540
  • Transport $420
  • Healthcare $864
  • Federal tax $625
  • State tax $215
Family
$6,875
per month
  • Rent $1,865
  • Energy $195
  • Water $85
  • Groceries $820
  • Transport $520
  • Healthcare $1,350
  • Childcare $1,200
  • Federal tax $625
  • State tax $215

Frequently asked questions about Valencia County

Common questions about cost of living, rent and salary.

What is the average rent in Valencia County?

In Valencia County, NM, a one-bedroom apartment averages $1,084 per month, a two-bedroom averages $1,331 per month, a three-bedroom averages $1,865 per month, according to HUD Fair Market Rent data.

What is the average salary in Valencia County?

In Valencia County, NM, the average household income is $58,333 per year and individual earnings for full-time workers average $34,217 per year, according to U.S. Census Bureau data.

What is the cost of living in Valencia County?

The estimated cost of living in Valencia County, NM is approximately $2,911 per month for a single person, $4,221 for a couple, $6,875 for a family. This includes rent, utilities, groceries, transportation, healthcare, and taxes.

What is the sales tax rate in Valencia County?

The combined sales tax rate in Valencia County, NM is 7.72%, which includes the New Mexico state rate of 5.00% plus an average local rate of 2.72%.

Is Valencia County an affordable place to live?

Based on the data, a single person in Valencia County, NM would need approximately $2,911 per month to cover rent, utilities, food, transport, healthcare, and taxes. The average household income is $58,333 per year ($4,861 per month). Valencia County has a moderate cost of living relative to local earnings.

How much does healthcare cost in Valencia County?

The ACA marketplace benchmark premium in Valencia County, NM is approximately $480 per month for an individual. Approximately 8.0% of residents are uninsured. Actual costs vary based on employer coverage, plan type, and individual circumstances.

What are house prices in Valencia County?

The average home value in Valencia County, NM is $206,800, with average annual property taxes of $1,365, according to U.S. Census Bureau data.

How does Valencia County compare to other areas?

You can compare Valencia County, NM with any other US county using our comparison tool at /compare. Valencia County is in the Albuquerque, NM metro area.

Other counties in New Mexico

Browse the full list of counties in New Mexico, ranked by cost of living.

See all counties in New Mexico

Compare Valencia County with another area

Put two counties side by side to see how rent, taxes and everyday costs stack up.

About this data

All figures on this page come from official U.S. government sources, listed below.

  • HUD FMR FY2025
  • ACS 2019-2023 5-Year
  • EIA
  • ACS + national avg
  • ACS
  • USDA + BEA RPP
Methodology All data sources