Photo: Artotem from Here, There, and... · CC BY 2.0Measured against area pay, Pecos costs more to live in than 52% of U.S. towns
Up 4% in a year, 23% 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 Las Vegas, NM micro area ($51K). How TownRatings grades cost of living
The grade compares costs with what households across the Las Vegas-area micro earn ($51K, Census 2020–24). Even so, the typical home costs 6.0 years of area income, and 64% of renters pay 30% or more of income for housing.
In dollars
- $387Ktypical home, 23% above the New Mexico typical homeZillow, September 2026
- $1,470a month for a two-bedroom, utilities includedHUD Fair Market Rent, 2026
In paychecks the grade
- 6.0 yrsof area income buys the typical home; the typical U.S. town: 3.3$51K, Las Vegas-area income
- 25%of area income goes to the median rent; the typical U.S. town: 18%Census 2020–24
- 11%of owners do; the typical U.S. town: 20%Census 2020–24
What Pecos’ housing numbers say
A low property tax rate
Owners pay about 0.35% of a home’s value a year in property tax, against 0.70% across New Mexico. The median bill is $1,055 (New Mexico: $1,731). Property taxes ↓
Written from the data on this page. Home values are the Zillow Home Value Index; incomes, rents paid, taxes and ownership come from the Census American Community Survey.
What’s behind Pecos’ grade
Measured against what households in the area earn, Pecos is more affordable than 48% of U.S. towns. Home prices pull the grade down most; the share of households paying 30%+ for housing holds it up.
Up 3.9% in a year
Faster than New Mexico (1.7%).
Show as a table
| January | Pecos | New Mexico |
|---|---|---|
| 2023 | $310,000 | $285,000 |
| 2024 | $344,000 | $299,000 |
| 2025 | $369,000 | $310,000 |
| 2026 | $377,000 | $313,000 |
| September 2026 | $387,000 | $316,000 |
A typical Pecos home worth $318K in February 2022 is worth about $387K today.
Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through September 2026.
A typical home costs 6.0 years of area income
The calculator starts from the area income the grade uses. Switch to Pecos’s own median, or type yours.
That’s $172K short of a typical Pecos home.
A two-bedroom rents for about $1,470 a month here, $670 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Pecos’s typical property tax (0.35% 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 $1,470
Renters already here pay a median of $1,044, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Santa Fe, 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 $1,055 (New Mexico: $1,731), 0.35% 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+”.
Pecos and its neighbors
One source per column.
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 |
|---|---|---|---|---|---|
| Pecos | B− | $387K | $303K | 0.35% | $1,470 |
Questions about the cost of living in Pecos
Is Pecos expensive to live in?
Measured against what households in the area earn, Pecos costs more than 52% of U.S. towns: a B− for cost of living. The typical home costs 6.0 years of the median household income of the Las Vegas, NM micro area ($51K).
How much does a house cost in Pecos?
About $387K, Zillow’s typical value for September 2026, up 4.0% in a year. The New Mexico typical home is $316K.
What salary do you need to live in Pecos?
To buy the typical home with 20% down at 6.3%, about $92,000 a year, keeping the payment (about $2,140 a month with tax and insurance) at 28% of income. To rent a two-bedroom at 30% of income, about $59,000.
How much is rent in Pecos?
HUD puts a two-bedroom at about $1,470 a month with utilities, the going rate for someone moving in. Renters already here pay a median of $1,044 (Census 2020–24).
What are property taxes in Pecos?
The median bill is $1,055 a year, 0.35% of the median home value (New Mexico: $1,731, 0.70%), from the Census 2020–24.
Neighbors talk housing
What Pecos 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.