State Minimum Rent Calculation for New Mexico

For FY2008, State Minimum rents are based on the lower of the population-weighted median state nonmetropolitan unadjusted 2-bedroom FMR, or the population-weighted median U.S. nonmetropolitan unadjusted 2-bedroom FMR.

State Nonmetropolitan Median FMR

The table below illustrates how the population-weighted median state nonmetropolitan unadjusted 2-bedroom FMR is derived for New Mexico. The population-weighted median unadjusted nonmetropolitan 2-bedroom FMR for a state is the 2-bedroom FMR where half of a state's nonmetropolitan population lives in counties with the same or lower 2-bedroom FMRs, and half of the nonmetropolitan population lives in counties with the same or higher 2-bedroom FMRs. The nonmetropolitan population of New Mexico is 671,622, and half of the nonmetropolitan population of New Mexico is 335,811.

In the table below, the unadjusted 2-bedroom FMRs for the nonmetropolitan counties of New Mexico are arranged in ascending order, and the cumulative population of the counties at each FMR is listed in the last column. The median unadjusted nonmetropolitan 2-bedroom FMR is the first FMR listed in the table where the cumulative population of counties with that FMR or less first exceeds one-half of the nonmetropolitan population, or 335,811. The row of the table containing the median unadjusted nonmetropolitan 2-bedroom FMR is in bold.

Unadjusted 2-Bedroom FMR County or Counties with Specified Unadjusted 2-Bedroom FMR Aggregate Population at Specified Unadjusted 2-Bedroom FMR Cumulative Nonmetro Population
$416 Luna County 25,016 25,016
$434 Cibola County 25,595 50,611
$443 Roosevelt County 18,018 68,629
$449 Lea County 55,511 124,140
$461 Eddy County 51,658 175,798
$469 Catron County, Hidalgo County 9,475 185,273
$473 Socorro County 18,078 203,351
$475 Otero County 62,298 265,649
$476 Sierra County 13,270 278,919
$477 De Baca County, Harding County, Quay County, Union County 17,379 296,298
$479 Curry County 45,044 341,342
$490 Chaves County 61,382 402,724
$504 Grant County 31,002 433,726
$509 Colfax County 14,189 447,915
$514 Rio Arriba County 41,190 489,105
$532 San Miguel County 30,126 519,231
$566 Guadalupe County, Mora County 9,860 529,091
$573 Lincoln County 19,411 548,502
$583 McKinley County 74,798 623,300
$685 Taos County 29,979 653,279
$911 Los Alamos County 18,343 671,622

State Minimum Rent Determination

The New Mexico State Nonmetropolitan Median FMR is $479. Because it not greater than the U.S. Nonmetropolitan Median FMR of $555, the New Mexico State Minimum 2-Bedroom FMR is set at $479.


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