Cost of Living in Artesia

Artesia's cost of living centers on genuinely affordable housing and low property tax, offset by a real, disclosed rent spread and New Mexico's statewide insurance cost pressures.

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Genuinely affordable housing, with a disclosed 3-way spread

Redfin's median sale price ran $225,000 (March 2026, down 14.3% YoY), Zillow's typical home value ran $263,685 (up 18.6% YoY), and Movoto's median listing price ran $300,000 (June 2026) -- a real, disclosed spread this record does not resolve to one figure, though all run below the ~$393,134 national median (base record).

A real, disclosed rent spread

One source cites Artesia's average rent at approximately $1,730/month, while a separate source cites approximately $1,093/month -- a real, disclosed two-way spread, with renting overall cited as roughly 27% below the national average (base record).

Genuinely low property tax

Ownwell's cited 0.66% effective property tax rate runs well below the national median of approximately 1.02% (base record).

New Mexico's real 5.9% top income tax rate

New Mexico's real, current 6-bracket income tax (1.5% to 5.9%) applies in Artesia as statewide (base record).

Key takeaways

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Last reviewed: 2026-08-28. Independent research; not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.