Photo: John Phelan · CC BY 3.0Measured against area pay, Algodones costs less to live in than 72% of U.S. towns
Up 1.7% in a year, 21% above the New Mexico typical home.
Census 2020–24 home values, rents, tax bills and cost burden, measured against the median household income of the Albuquerque, NM metro area ($71K). How TownRatings grades cost of living
The grade compares costs with what households across the Albuquerque metro earn ($71K, Census 2020–24). The typical home costs 3.3 years of metro income, and 0% of renters pay 30% or more of income for housing.
In dollars
- $381Ktypical home, 21% above the New Mexico typical homeZillow, September 2026
- $1,210a month for a two-bedroom, utilities includedHUD Fair Market Rent, 2026
- 96prices across the Albuquerque metro, where the U.S. is 100 (housing 89)BEA Regional Price Parities, 2024
In paychecks the grade
- 3.3 yrsof area income buys the typical home; the typical U.S. town: 3.3$71K, Albuquerque-area income
- 22%of owners do; the typical U.S. town: 20%Census 2020–24
What stands out about housing in Algodones
What’s behind Algodones’ grade
Measured against what households in the area earn, Algodones is more affordable than 72% of U.S. towns. Home prices pull the grade down most; property tax holds it up.
Values have lagged New Mexico: the typical Algodones home is up 8.3% in five years, against 25.1% statewide (Zillow).
Up 8.3% in five years
Slower than New Mexico (25.1%).
Show as a table
| January | Algodones | New Mexico |
|---|---|---|
| 2021 | $331,000 | $228,000 |
| 2022 | $367,000 | $261,000 |
| 2023 | $366,000 | $285,000 |
| 2024 | $374,000 | $299,000 |
| 2025 | $386,000 | $310,000 |
| 2026 | $379,000 | $313,000 |
| September 2026 | $381,000 | $316,000 |
A typical Algodones home worth $301K in February 2020 is worth about $381K today.
Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through September 2026.
A typical home costs 3.3 years of area income
The calculator starts from the area income the grade uses. Switch to Algodones’s own median, or type yours.
That’s $94K short of a typical Algodones home.
A two-bedroom rents for about $1,210 a month here, $990 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Algodones’s typical property tax (0.63% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,210
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Albuquerque, NM MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Property tax runs below the New Mexico norm
The median bill is $1,488 (New Mexico: $1,731), 0.63% of a home’s value a year, against 0.70% statewide.
Census American Community Survey 2020–24: the median real-estate tax bill homeowners report, and that bill ÷ the median home value. Bills include town, school and county taxes. The Census reports bills over $10,000 only as “$10,000+”.
The rest of a budget near Algodones
Only figures published free for the whole country, each labeled with the area it covers: the Albuquerque, NM metro area, or New Mexico. Groceries follow the goods price level; nobody publishes them town by town.
| Cost | Here | Compared with | Area | Source |
|---|---|---|---|---|
| Prices overall U.S. = 100 | 96 | NM 92 | metro | BEA, 2024 |
| Goods (groceries, clothing, cars…) U.S. = 100 | 96 | NM 96 | metro | BEA, 2024 |
| Utilities U.S. = 100 | 78 | NM 78 | metro | BEA, 2024 |
| Other services U.S. = 100 | 99 | NM 99 | metro | BEA, 2024 |
Price levels: U.S. Bureau of Economic Analysis, Regional Price Parities 2024 (metro area and state). Electricity: U.S. Energy Information Administration, Electric Power Monthly, table 5.6.A.
Algodones vs. its neighbors
Of the 1 towns here with a Zillow value, Algodones has the lowest. San Felipe Pueblo and Santa Ana Pueblo have no Zillow value, so they are in the table only.
Cost next door · one source per column
| Town | Cost | Typical home Zillow, September 2026 | Median value Census 2020–24 | Tax rate bill ÷ value | 2-bed rent HUD 2026 |
|---|---|---|---|---|---|
| Algodones | B+ | $381K | $235K | 0.63% | $1,210 |
| San Felipe Pueblo | A | — | $210K | 0.50% | $1,200 |
| Santa Ana Pueblo | A+ | — | $150K | — | $1,470 |
“—” under Zillow: Zillow publishes no value for that town, so it’s left blank rather than mixed with Census figures.
Questions about the cost of living in Algodones
Is Algodones expensive to live in?
Measured against what households in the area earn, Algodones costs less than 72% of U.S. towns: a B+ for cost of living. The typical home costs 3.3 years of the median household income of the Albuquerque, NM metro area ($71K).
How much does a house cost in Algodones?
About $381K, Zillow’s typical value for September 2026, up 1.7% in a year. The New Mexico typical home is $316K.
What salary do you need to live in Algodones?
To buy the typical home with 20% down at 6.3%, about $94,000 a year, keeping the payment (about $2,200 a month with tax and insurance) at 28% of income. To rent a two-bedroom at 30% of income, about $48,000.
How much is rent in Algodones?
HUD puts a two-bedroom at about $1,210 a month with utilities, the going rate for someone moving in.
What are property taxes in Algodones?
The median bill is $1,488 a year, 0.63% of the median home value (New Mexico: $1,731, 0.70%), from the Census 2020–24.
Are home prices in Algodones going up?
Yes: up 1.7% in the past year and 8.3% in five years, against 25.1% across New Mexico (Zillow).
Neighbors talk housing
What Algodones buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, September 2026. Sales, days on market and supply: Redfin Data Center, September 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. The calculator is an estimate, not a loan offer. Regional price levels: BEA; electricity: EIA. How TownRatings grades cost of living.