Report: New Mexicans don't make enough to afford 2-bedroom apartment | KOB 4
Advertisement

Report: New Mexicans don't make enough to afford 2-bedroom apartment

KOB.com Web Staff
June 18, 2018 10:26 PM

ALBUQUERQUE, N.M. – How much does it take to pay the rent in New Mexico?

Advertisement

That's the subject of a new report from the National Low Income Housing Coalition, which found the average two-bedroom apartments in Albuquerque costs $873. You'd need to be making at least $16.79 an hour to afford that.

Rent is a bit pricier for our neighbors to the north – in Santa Fe, the average two-bedroom unit costs $1,000 a month. Workers there have to be making almost $20 for an apartment of that size.

On average, though, New Mexicans aren't making that much. The average Albuquerque renter makes $12.84 an hour, while the average Santa Fe renter makes $13.50. The average household would have to have more than one job to pay for the roof over their heads.

The figures are worse when it comes to minimum wage. Nevertheless, rentals in New Mexico are still more affordable than some metros in neighboring states – namely, Colorado.

All of the numbers laid out in the report can be viewed here.

Credits

KOB.com Web Staff

Copyright 2018 KOB-TV LLC, a Hubbard Broadcasting Company. All rights reserved

Advertisement
Comment on Facebook

Share 4 - News Tips - Photos - Videos
  Share a News Tip, Story Idea, Photo, Video



Advertisement

Relay Media Amp

Advertisement




Advertisement




New Mexico fugitive priest arrested, pleads not guilty to child abuse charges

After initial concerns of nearby drug use, historic Barelas eatery reopens

Gang ties take center stage during latest hearing in Victoria Martens case

Gym's questionable logos raising eyebrows

40 nonprofits awarded grants by PNM for work in New Mexico