2018 HUD median and area income limits for New Mexico counties

Young family
Median household income is used for a range of reasons, including identifying eligibility for low to moderate mortgage loans; also known as CRA (Community Reinvestment Act). Fannie Mae and Freddie Mac each have a special loan program that is partially dependent on the household median income (i.e. Home Possible Mortgage and the My Community Mortgage). If you’re seeking a mortgage and your household income is at or lower than  the limits listed below, mention this to the lender or mortgage broker. The benefit may be a lower down payment, closing cost assistance, grant money, reduced interest rat e or reduced mip/pmi.

The U.S. Census Bureau defines median household income as follows:
“Median income is the amount which divides the income distribution into two equal groups, half having income above that amount, and half having income below that amount. Mean income (average) is the amount obtained by dividing the total aggregate income of a group by the number of units in that group. The means and medians for households and families are based on all households and families. Means and medians for people are based on people 15 years old and over with income”


2018 HUD median income limits for New Mexico Counties


2018 HUD median income limits - 80%

         
County Name Area Income 1 Person 2 People 3 People 4 People 5 People 6 People 7 People 8 People
Bernalillo County 65,000 36,400 41,600 46,800 52,000 56,200 60,350 64,500 68,650
Catron County 51,300 30,100 34,400 38,700 42,950 46,400 49,850 53,300 56,700
Chaves County 49,000 30,100 34,400 38,700 42,950 46,400 49,850 53,300 56,700
Cibola County 43,400 30,100 34,400 38,700 42,950 46,400 49,850 53,300 56,700
Colfax County 49,200 30,100 34,400 38,700 42,950 46,400 49,850 53,300 56,700
Curry County 52,300 30,100 34,400 38,700 42,950 46,400 49,850 53,300 56,700
De Baca County 56,500 31,650 36,200 40,700 45,200 48,850 52,450 56,050 59,700
Dona Ana County 44,700 30,100 34,400 38,700 42,950 46,400 49,850 53,300 56,700
Eddy County 68,500 38,400 43,850 49,350 54,800 59,200 63,600 68,000 72,350
Grant County 51,000 30,100 34,400 38,700 42,950 46,400 49,850 53,300 56,700
Guadalupe County 42,200 30,100 34,400 38,700 42,950 46,400 49,850 53,300 56,700
Harding County 51,400 30,100 34,400 38,700 42,950 46,400 49,850 53,300 56,700
Hidalgo County 43,900 30,100 34,400 38,700 42,950 46,400 49,850 53,300 56,700
Lea County 66,900 37,450 42,800 48,150 53,500 57,800 62,100 66,350 70,650
Lincoln County 52,100 30,100 34,400 38,700 42,950 46,400 49,850 53,300 56,700
Los Alamos County 130,300 50,350 57,550 64,750 71,900 77,700 83,450 89,200 94,950
Luna County 37,100 30,100 34,400 38,700 42,950 46,400 49,850 53,300 56,700
McKinley County 37,300 30,100 34,400 38,700 42,950 46,400 49,850 53,300 56,700
Mora County 39,200 30,100 34,400 38,700 42,950 46,400 49,850 53,300 56,700
Otero County 54,300 30,450 34,800 39,150 43,450 46,950 50,450 53,900 57,400
Quay County 43,000 30,100 34,400 38,700 42,950 46,400 49,850 53,300 56,700
Rio Arriba County 47,400 30,100 34,400 38,700 42,950 46,400 49,850 53,300 56,700
Roosevelt County 42,800 30,100 34,400 38,700 42,950 46,400 49,850 53,300 56,700
Sandoval County 65,000 36,400 41,600 46,800 52,000 56,200 60,350 64,500 68,650
San Juan County 60,100 33,700 38,500 43,300 48,100 51,950 55,800 59,650 63,500
San Miguel County 45,700 30,100 34,400 38,700 42,950 46,400 49,850 53,300 56,700
Santa Fe County 72,000 38,850 44,400 49,950 55,450 59,900 64,350 68,800 73,200
Sierra County 43,600 30,100 34,400 38,700 42,950 46,400 49,850 53,300 56,700
Socorro County 43,600 30,100 34,400 38,700 42,950 46,400 49,850 53,300 56,700
Taos County 47,900 30,100 34,400 38,700 42,950 46,400 49,850 53,300 56,700
Torrance County 65,000 36,400 41,600 46,800 52,000 56,200 60,350 64,500 68,650
Union County 53,000 30,100 34,400 38,700 42,950 46,400 49,850 53,300 56,700
Valencia County 65,000 36,400 41,600 46,800 52,000 56,200 60,350 64,500 68,650