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Cost of living, pay and housing

32.43° N · 104.29° W · GEOID 3531680

Happy Valley

Eddy County, New Mexico · part of the Carlsbad, NM metro

Limited data population under 5,000

New MexicoHappy Valley, NMHappy ValleyHappy Valley

The short answer

Happy Valley is home to 845 people. Median household income is $62,215 a year and median rent is $1,115 a month, 21.5% of income (a ratio of two medians, not any one household's burden). Rent pressure is lighter than in most places. The median home is valued at $200,000, about 3.2x annual median household income.

Median gross rent
$1,115
18% below the median place
Median household income
$62,215
23% below the median place
Median home value
$200,000
37% below the median place
Unemployment
5.5%
12% above the median place

Compared with the median of the 6,645 places we track. The bundle was checked 2026-11-14; each measure may refer to an older release.

What stands out about Happy Valley

  • Only 0% of workers mostly work from home, fewer than in 99% of the 2,104 places under 10,000 people we track. It is the lowest of 37 New Mexico places.
  • Households average 1.93 people, smaller than in 96% of places its size. It is the 2nd-lowest of 46 New Mexico places.
  • The median resident is 52.1 years old, older than in 94% of places its size.
  • Household income has grown 0.4% a year across the last five survey releases, slower than in 93% of places its size.
01

Moving to Happy Valley

Eddy County gains about 2.3 residents per 1,000 a year to moves between counties.

Moved in2,753
Moved out2,647
Net+106

Where people come from and where they go, top counties

Within New Mexico, other states or abroad

Arrivals
Leavers
Within New MexicoOther states

Income per tax return

Arrivals$63K
Leavers$82K

People on tax returns who moved between counties, from IRS migration data, 2022 to 2023. Figures are for all of Eddy County; flows under 20 returns are not published.

Who moves here
6.7% of residents arrived from another county in the past year, 3.4% from another state. County figure.
Who arrives and who leaves
Households moving into Eddy County report $63,400 a year in income on average; those leaving, $81,800, so leavers earn more than newcomers.
Income you would need
$44,600 a year to rent the median home at the 30% line. From your city
Rent or buy
Median rent is $1,115 a month; owners with a mortgage pay $1,579 a month including taxes and insurance, on a median home of $200,000.
Getting to work
21 minutes each way on average; 0.0% work from home.
If it is close but not quite
Apache Junction, AZ matches it on character. Compare the two
Moved from another state1
3.4%
71% above the median place
Income of households moving out6
$81,767
16% above the median place
Net movers per 1,000 people6
2.3
above the median place (median -0.6)
All 5 moving measures
MeasureHappy ValleyAmong 6,645 placesVs median
Moved here in the past year1County figure6.7%16% above
Moved from another state1County figure3.4%71% above
Net movers per 1,000 people6County figure2.3above (median -0.6)
Income of households moving in6County figure$63,39410% below
Income of households moving out6County figure$81,76716% above
02

What it costs to live here

Vacant homes is 0.0%, below the median place (median 7.1%).

Happy Valley21.5%
Typical place20.4%

Share of the median household income that goes to the median rent. Above 30% is the usual stress line.

Income needed to rent
$44,600
a year, at the 30% line
Rent to income
21.5%
5% above the median place
Home price to income
3.2x
16% below the median place

Could you afford it?

The median rent would take
22%
comfortably under the 30% line
Left after rent, in US prices
$48,600
a year, prices not adjusted
Vs the typical household here
Same
as the median household

Uses the median rent in Happy Valley, $1,115 a month. It runs in your browser and stores nothing.

Moving from somewhere else? Work out the salary you would need in Happy Valley.

Sponsored · exampleMoving to Happy Valley? Compare quotes from licensed movers. No partner is signed yet. Sponsored offers are always labelled and never change the data.
Vacant homes1
0.0%
below the median place (median 7.1%)
Property tax rate1
0.6%
40% below the median place
Median home value1
$200,000
37% below the median place
All 15 cost and housing measures
MeasureHappy ValleyAmong 6,645 placesVs median
Median gross rent1$1,11518% below
Rent to income121.5%5% above
Property tax rate10.6%40% below
Home price to income13.2x16% below
Fair market rent, 2 bedrooms2County figure$1,25222% below
HUD area median income3County figure$100,1007% below
Property tax paid (median)1County figure$1,09566% below
Median home value1$200,00037% below
Home prices, 1-year change4County figure5.4%70% above
Home prices, 5-year change4County figure26.9%48% below
Homeownership173.2%10% above
Renters paying 30%+1County figure36.4%28% below
Owner costs with a mortgage1County figure$1,57916% below
Vacant homes10.0%below (median 7.1%)
Median year built119690% below
03

Work and pay

Works from home is 0.0%, below the median place (median 12.4%).

Works from home1
0.0%
below the median place (median 12.4%)
Commutes by transit1
0.0%
below the median place (median 0.8%)
Income per person1
$31,363
22% below the median place
All 10 work and pay measures
MeasureHappy ValleyAmong 6,645 placesVs median
Median household income1$62,21523% below
Income per person1$31,36322% below
Unemployment1County figure5.5%12% above
Average annual pay5County figure$79,50121% above
Pay growth, 1 year5County figure4.0%8% above
Jobs5County figure34,42177% below
Poverty rate1County figure13.8%29% above
Mean commute1County figure21 min14% below
Works from home10.0%below (median 12.4%)
Commutes by transit10.0%below (median 0.8%)
04

Who lives here

Household size is 1.9, 23% below the median place.

Household size1
1.9
23% below the median place
High school or higher1
71.0%
23% below the median place
Median age1
52.1
34% above the median place
All 8 people measures
MeasureHappy ValleyAmong 6,645 placesVs median
Population18456646th largest
Median age152.134% above
Bachelor's or higher1County figure19.3%40% below
High school or higher171.0%23% below
Household size11.923% below
Born abroad1County figure7.7%13% below
No health insurance117.3%170% above
Homes with broadband188.6%4% below
05

Life in Happy Valley

34 sites are on the National Register of Historic Places, one of them a National Historic Landmark.

Businesses per 10,000 residents (county figures)

Restaurants and bars18.3 −12%
Shops32.2 +6%
Arts, recreation and fitness2.5 −39%
Doctors' offices and clinics14.1 −30%
Child care centers1.8 −22%

Counts businesses with paid staff, so small owner-run shops are not included.

Arts, recreation and fitness per 10k7
2.5
39% below the median place
Doctors' offices and clinics per 10k7
14.1
30% below the median place
Child care centers per 10k7
1.8
22% below the median place
All 9 schools and local life measures
MeasureHappy ValleyAmong 6,645 placesVs median
Public schools9County figure26189% above
Public school students9County figure11,661138% above
Students per teacher9County figure15.93% above
Restaurants and bars per 10k7County figure18.312% below
Shops per 10k7County figure32.26% above
Arts, recreation and fitness per 10k7County figure2.539% below
Doctors' offices and clinics per 10k7County figure14.130% below
Child care centers per 10k7County figure1.822% below
National Register listings8County figure34162% above
06

Safety, weather and risk

Annual precipitation is 13.0 in, 70% below the median place.

No crime figure yet. Either the city police department did not report to the FBI for the latest year, or our monthly fetch has not reached Happy Valley. Larger places are fetched first.

Annual precipitation10
13.0 in
70% below the median place
July average high10
95°F
9% above the median place
Tornado risk11
27.3
66% below the median place
All 11 weather and risk measures
MeasureHappy ValleyAmong 6,645 placesVs median
July average high10County figure95°F9% above
January average low10County figure29°F16% above
Average temperature10County figure63°F14% above
Annual precipitation10County figure13.0 in70% below
Natural hazard risk11County figure83.710% below
Hurricane risk11County figure24.765% below
Tornado risk11County figure27.366% below
Wildfire risk11County figure88.545% above
Heat wave risk11County figure78.813% below
Median air quality index12County figure4914% above
Good air days12County figure53.7%22% below
08

Happy Valley in 2030: where the trends point

If recent trends hold, the median rent will take about 22% of the median income in 2030, about the same as 22% now.

Citytistics projections to 2030: each figure's own trend, blended with the typical trend across the places we rate, eased toward long-run US growth and carried forward from the latest release. The range is where 80% of places landed when we tested the same method on past releases.

MeasureLatest2030 projectionLikely rangeAvg. per year
Median rent$1,115/mo (2024)$1,400/mo$1,150 to $1,710/mo+3.9%
Median household income$62,215 (2024)$77,000$65,000 to $91,000+3.6%
Median home value$200,000 (2024)$256,000$186,000 to $352,000+4.2%

The median home would be worth 3.3 years of the median income in 2030, against 3.2 now.

A projection of recent trends, not a prediction of the economy or advice to buy or sell. How we project.

09

Places like Happy Valley

The closest matches on income, rent, home value, education and age, and the places nearby.

PlaceRentIncome
Apache Junction, AZ$1,146$60,975Compare
Lakewood Park, FL$1,206$64,023Compare
Gun Barrel City, TX$960$71,310Compare
Picture Rocks, AZ$960$61,634Compare
Picture Rocks, AZGun Barrel City, TXLakewood Park, FLApache Junction, AZHappy Valley, NMHappy ValleyApache JunctionLakewood ParkGun Barrel CityPicture RocksHappy ValleyApache JunctionLakewood ParkGun Barrel City

Common questions

Is Happy Valley a good place to live?

It depends on what you need, so here is what the numbers say. Only 0% of workers mostly work from home, fewer than in 99% of the 2,104 places under 10,000 people we track. It is the lowest of 37 New Mexico places. Households average 1.93 people, smaller than in 96% of places its size. It is the 2nd-lowest of 46 New Mexico places. See how it ranks with your own weights.

Is Happy Valley expensive to live in?

The median rent takes 21.5% of the median household income, against 20.4% in the typical place we track. Housing is a heavier load here than usual. The median home is valued at $200,000.

What salary do you need to live in Happy Valley?

To rent the median home without spending more than 30% of income on rent, a household needs about $44,600 a year. Work it out from your current city.

What places are similar to Happy Valley?

On income, rent, home value, education and age, the closest matches are Apache Junction, AZ, Lakewood Park, FL, Gun Barrel City, TX and Picture Rocks, AZ.

Sources and methods

The small numbers beside each measure point here. Every dataset is public; links go to the publisher.

  1. American Community Survey 5-year estimates · US Census Bureau · 2020 to 2024 estimatesTables B01002, B01003, B05002, B07003, B08013, B08301, B15003, B17001, B19013, B19301, B23025, B25002, B25003, B25010, B25035, B25064, B25070, B25077, B25088, B25103, B28002, S2701
  2. Fair Market Rents · US Department of Housing and Urban Development · Fiscal year 2027
  3. Income Limits · US Department of Housing and Urban Development · Fiscal year 2026
  4. House Price Index · Federal Housing Finance Agency · Latest release, retrieved 2026-11-14
  5. Quarterly Census of Employment and Wages · US Bureau of Labor Statistics · 2025 annual averages
  6. SOI Tax Stats, county-to-county migration · Internal Revenue Service · Tax years 2022 to 2023Counts tax returns and the people on them; flows under 20 returns are suppressed.
  7. County Business Patterns · US Census Bureau · 2023 data
  8. National Register of Historic Places · National Park Service · Listings through 2026-05-22
  9. Common Core of Data · National Center for Education Statistics · 2024 release
  10. 1991-2020 climate normals · NOAA National Centers for Environmental Information · Series updated 2026-11-05Averages for 1991 to 2020 computed from NOAA's county climate series (nClimDiv).nClimDiv county series
  11. National Risk Index · Federal Emergency Management Agency · Latest release, retrieved 2026-11-14NRI data and maps
  12. Air Quality System, annual AQI by county · US Environmental Protection Agency · 2025 dataAirData download files

Derived by Citytistics from the tables above: rent to income (B25064, B19013); property tax rate (B25103, B25077); home price to income (B25077, B19013).

What stands out compares Happy Valley with places of a similar size, using only figures measured for Happy Valley itself; county and metro figures never count. Survey figures are estimates with margins of error. Formulas and definitions: methodology. API: /api/v1/places/happy-valley-new-mexico

Citytistics. “Happy Valley, New Mexico.” Data as of 2026-11-14. https://www.citytistics.com/city/happy-valley-new-mexico/

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.