Melrose, NM
447Residents
$32,750Median household income
$833/moMedian gross rent
$78,500Median home value
45.6Median age
7%Adults with a bachelor’s degree or higher
75%Homes lived in by their owners
2.4×Home value to household income
Median rent takes about 31% of the median household income in Melrose.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $33,000 a year. In New Mexico that leaves roughly $2,257 a month after tax. See the full paycheck breakdown for $35,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.