It's no secret that many Americans are forgoing homeownership in favor of renting. In 2020, renters in the U.S. occupied 43 million housing units.
The Stacker team looked at data from a United States Census survey that revealed an estimated 43,378,800 renter-occupied homes in the United States as of 2017, which makes up 36.1% of all households in the country. In 2019, renting was more affordable than buying a median-priced home in 59% of the counties; in 2021, the opposite was true: Owning was more affordable than renting in 63% of U.S. counties.
Stacker compiled a list of counties in New Mexico where people spend the highest percent of income on rent using data from the U.S. Census Bureau. Of course, saving money by owning a home is unattainable for many Americans who don't have savings that could cover a down payment, those who are denied a mortgage, or both. Keep reading to see where in your home state most of people's take-home pay goes to their monthly rent.
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- Median percent of income spent on housing: 10.4%
--- Percent of households spending <20% of income on housing: 72.6%
--- Percent of households spending >30% of income on housing: 11.8%
- Total occupied households: 1,325
- Median household income: $41,910
- Median monthly housing cost: $363
- Median percent of income spent on housing: 11.5%
--- Percent of households spending <20% of income on housing: 71.5%
--- Percent of households spending >30% of income on housing: 10.6%
- Total occupied households: 7,931
- Median household income: $121,324
- Median monthly housing cost: $1,162
- Median percent of income spent on housing: 12.4%
--- Percent of households spending <20% of income on housing: 58.8%
--- Percent of households spending >30% of income on housing: 17.4%
- Total occupied households: 8,708
- Median household income: $39,413
- Median monthly housing cost: $407
- Median percent of income spent on housing: 12.7%
--- Percent of households spending <20% of income on housing: 53.4%
--- Percent of households spending >30% of income on housing: 24.1%
- Total occupied households: 1,679
- Median household income: $42,526
- Median monthly housing cost: $450
- Median percent of income spent on housing: 13.3%
--- Percent of households spending <20% of income on housing: 58.6%
--- Percent of households spending >30% of income on housing: 21.9%
- Total occupied households: 4,520
- Median household income: $42,083
- Median monthly housing cost: $465
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- Median percent of income spent on housing: 13.8%
--- Percent of households spending <20% of income on housing: 59.7%
--- Percent of households spending >30% of income on housing: 17.5%
- Total occupied households: 20,942
- Median household income: $33,834
- Median monthly housing cost: $390
- Median percent of income spent on housing: 13.8%
--- Percent of households spending <20% of income on housing: 54.6%
--- Percent of households spending >30% of income on housing: 19.1%
- Total occupied households: 12,730
- Median household income: $39,952
- Median monthly housing cost: $461
- Median percent of income spent on housing: 14.3%
--- Percent of households spending <20% of income on housing: 61.0%
--- Percent of households spending >30% of income on housing: 18.4%
- Total occupied households: 22,523
- Median household income: $60,546
- Median monthly housing cost: $721
- Median percent of income spent on housing: 15.2%
--- Percent of households spending <20% of income on housing: 63.0%
--- Percent of households spending >30% of income on housing: 17.0%
- Total occupied households: 21,251
- Median household income: $65,328
- Median monthly housing cost: $825
- Median percent of income spent on housing: 15.7%
--- Percent of households spending <20% of income on housing: 55.8%
--- Percent of households spending >30% of income on housing: 14.8%
- Total occupied households: 1,395
- Median household income: $35,884
- Median monthly housing cost: $468
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- Median percent of income spent on housing: 17.1%
--- Percent of households spending <20% of income on housing: 54.2%
--- Percent of households spending >30% of income on housing: 23.4%
- Total occupied households: 43,387
- Median household income: $50,518
- Median monthly housing cost: $719
- Median percent of income spent on housing: 17.2%
--- Percent of households spending <20% of income on housing: 45.5%
--- Percent of households spending >30% of income on housing: 19.4%
- Total occupied households: 211
- Median household income: $29,375
- Median monthly housing cost: $422
- Median percent of income spent on housing: 17.6%
--- Percent of households spending <20% of income on housing: 52.6%
--- Percent of households spending >30% of income on housing: 25.3%
- Total occupied households: 7,566
- Median household income: $46,216
- Median monthly housing cost: $676
- Median percent of income spent on housing: 17.9%
--- Percent of households spending <20% of income on housing: 55.9%
--- Percent of households spending >30% of income on housing: 26.9%
- Total occupied households: 1,713
- Median household income: $28,446
- Median monthly housing cost: $424
- Median percent of income spent on housing: 18.0%
--- Percent of households spending <20% of income on housing: 46.3%
--- Percent of households spending >30% of income on housing: 29.4%
- Total occupied households: 5,853
- Median household income: $36,302
- Median monthly housing cost: $544
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- Median percent of income spent on housing: 18.1%
--- Percent of households spending <20% of income on housing: 48.1%
--- Percent of households spending >30% of income on housing: 16.3%
- Total occupied households: 1,384
- Median household income: $24,798
- Median monthly housing cost: $374
- Median percent of income spent on housing: 18.3%
--- Percent of households spending <20% of income on housing: 48.1%
--- Percent of households spending >30% of income on housing: 22.0%
- Total occupied households: 672
- Median household income: $31,625
- Median monthly housing cost: $481
- Median percent of income spent on housing: 18.3%
--- Percent of households spending <20% of income on housing: 50.9%
--- Percent of households spending >30% of income on housing: 24.8%
- Total occupied households: 12,103
- Median household income: $38,329
- Median monthly housing cost: $584
- Median percent of income spent on housing: 18.4%
--- Percent of households spending <20% of income on housing: 52.0%
--- Percent of households spending >30% of income on housing: 24.8%
- Total occupied households: 23,284
- Median household income: $43,359
- Median monthly housing cost: $665
- Median percent of income spent on housing: 19.2%
--- Percent of households spending <20% of income on housing: 51.6%
--- Percent of households spending >30% of income on housing: 26.6%
- Total occupied households: 11,851
- Median household income: $37,843
- Median monthly housing cost: $606
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- Median percent of income spent on housing: 19.2%
--- Percent of households spending <20% of income on housing: 52.4%
--- Percent of households spending >30% of income on housing: 27.3%
- Total occupied households: 27,010
- Median household income: $48,945
- Median monthly housing cost: $785
- Median percent of income spent on housing: 19.3%
--- Percent of households spending <20% of income on housing: 50.0%
--- Percent of households spending >30% of income on housing: 29.8%
- Total occupied households: 5,555
- Median household income: $29,755
- Median monthly housing cost: $478
- Median percent of income spent on housing: 19.4%
--- Percent of households spending <20% of income on housing: 48.0%
--- Percent of households spending >30% of income on housing: 26.9%
- Total occupied households: 23,634
- Median household income: $41,988
- Median monthly housing cost: $678
- Median percent of income spent on housing: 19.6%
--- Percent of households spending <20% of income on housing: 53.4%
--- Percent of households spending >30% of income on housing: 24.9%
- Total occupied households: 3,040
- Median household income: $29,035
- Median monthly housing cost: $475
- Median percent of income spent on housing: 19.9%
--- Percent of households spending <20% of income on housing: 46.2%
--- Percent of households spending >30% of income on housing: 29.6%
- Total occupied households: 8,904
- Median household income: $29,360
- Median monthly housing cost: $488
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- Median percent of income spent on housing: 20.4%
--- Percent of households spending <20% of income on housing: 47.2%
--- Percent of households spending >30% of income on housing: 30.2%
- Total occupied households: 61,921
- Median household income: $61,200
- Median monthly housing cost: $1,039
- Median percent of income spent on housing: 20.5%
--- Percent of households spending <20% of income on housing: 48.8%
--- Percent of households spending >30% of income on housing: 26.9%
- Total occupied households: 51,001
- Median household income: $63,802
- Median monthly housing cost: $1,089
- Median percent of income spent on housing: 20.7%
--- Percent of households spending <20% of income on housing: 48.4%
--- Percent of households spending >30% of income on housing: 30.2%
- Total occupied households: 6,814
- Median household income: $42,702
- Median monthly housing cost: $738
- Median percent of income spent on housing: 20.8%
--- Percent of households spending <20% of income on housing: 50.3%
--- Percent of households spending >30% of income on housing: 30.8%
- Total occupied households: 5,644
- Median household income: $36,120
- Median monthly housing cost: $627
- Median percent of income spent on housing: 20.9%
--- Percent of households spending <20% of income on housing: 47.3%
--- Percent of households spending >30% of income on housing: 30.1%
- Total occupied households: 11,609
- Median household income: $30,946
- Median monthly housing cost: $538
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- Median percent of income spent on housing: 20.9%
--- Percent of households spending <20% of income on housing: 45.6%
--- Percent of households spending >30% of income on housing: 31.2%
- Total occupied households: 18,548
- Median household income: $45,092
- Median monthly housing cost: $787
- Median percent of income spent on housing: 21.4%
--- Percent of households spending <20% of income on housing: 45.7%
--- Percent of households spending >30% of income on housing: 30.3%
- Total occupied households: 77,842
- Median household income: $40,973
- Median monthly housing cost: $729
- Median percent of income spent on housing: 21.5%
--- Percent of households spending <20% of income on housing: 43.8%
--- Percent of households spending >30% of income on housing: 32.2%
- Total occupied households: 267,699
- Median household income: $53,329
- Median monthly housing cost: $957
