What is the median household income in Las Vegas, NM?
The median household income in Las Vegas, NM is $45,125 (±$8,572) a year (2020–2024 American Community Survey).
Paying the median gross rent of $792 a month would take about $31,700 a year at the common guideline of spending no more than 30% of income on rent.
In Las Vegas, the median household income went from $26,561 in 2015–2019 to $45,125 in 2020–2024 (+69.9%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median household income
- $45,125 (±$8,572)
- Median renter income
- $16,346 (±$8,284)
- Income to afford median rent
- about $31,700
Income in Las Vegas against San Miguel County, its state and the nation
| Las Vegas | San Miguel County | New Mexico | United States | |
|---|---|---|---|---|
| Median household income | $45,125 (±$8,572) | $49,431 (±$3,657) | $64,059 (±$808) | $80,734 |
| Median renter household income | $16,346 (±$8,284) | $18,283 (±$9,098) | $40,497 (±$955) | $52,966 |
| Median owner household income | $57,359 (±$7,361) | $59,061 (±$7,126) | $77,401 (±$970) | $100,009 |
| Median gross rent | $792 (±$93) | $823 (±$86) | $1,067 (±$11) | $1,413 |
In Las Vegas, median household income is not measurably different from San Miguel County ($49,431).
It is also lower than in New Mexico ($64,059).
It is lower than the national figure ($80,734).
Statewide, it ranks 138 of 188.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Las Vegas
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $792 a month ($9,504 a year) needs an income of about $31,700 a year.
The median renting household in Las Vegas earns $16,346 a year, less than that.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $26,561 (±$3,564) | $45,125 (±$8,572) | +69.9% | Up after inflation |
| Median gross rent | $609 (±$45) | $792 (±$93) | +30.0% | No measurable change after inflation |
| Median home value | $117,600 (±$13,046) | $155,300 (±$14,276) | +32.1% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Las Vegas
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Las Vegas | — | $45,125 (±$8,572) | — |
| Pecos | 26 mi | $88,490 (±$68,478) | Not measurably different |
| Cañoncito | 35 mi | $78,220 (±$9,904) | Higher |
| Wagon Mound | 40 mi | $43,672 (±$4,212) | Not measurably different |
| Eldorado at Santa Fe | 41 mi | $106,633 (±$17,864) | Higher |
| Tesuque | 41 mi | $55,865 (±$37,693) | Not measurably different |
| Santa Fe | 43 mi | $73,482 (±$3,581) | Higher |
| Tano Road | 44 mi | $183,162 (±$27,807) | Higher |
| Agua Fria | 45 mi | $65,101 (±$38,573) | Not measurably different |
Nearby places with a measurably higher figure: Cañoncito, NM ($78,220), Eldorado at Santa Fe, NM ($106,633), Santa Fe, NM ($73,482).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Las Vegas
What is the median household income in Las Vegas?
The median household income in Las Vegas is $45,125 (±$8,572) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Las Vegas?
About $31,700 a year, if rent is to stay at or below 30% of income at the median gross rent of $792 a month.
Have incomes in Las Vegas kept up with inflation?
In Las Vegas, the median household income went from $26,561 in 2015–2019 to $45,125 in 2020–2024 (+69.9%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
What do renters earn in Las Vegas?
The median renting household in Las Vegas, NM earns $16,346 (±$8,284) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Las Vegas city, New Mexico
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Las Vegas city, New Mexico
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Las Vegas city, New Mexico
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Las Vegas city, New Mexico
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Las Vegas city, New Mexico
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Las Vegas city, New Mexico
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Las Vegas city, New Mexico (place:39940, in state:35).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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