Quick facts: Navajo dam, NM

Quick Facts

96.1
Cost of Living
below US average
330
Population
30.3
Crime Rate per 1000
above US average
$63,375
Median Income
below US average
$375,000
Median House Price
above US average
$1486
Average Rent
above US average
14%
Poverty Rate
above US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $63,375.

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Income Needed to Buy

βœ— Stretch
$118k/year
Based on $375,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $118k vs median $63,375
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Income Needed to Rent

⚠ Stretch
$64k/year
Based on $1486/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $64k vs median $63,375
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Navajo dam, NM

Navajo Dam is a small community located in northwestern New Mexico, primarily known for its scenic beauty and outdoor recreational opportunities. Nestled along the San Juan River and near the Navajo Lake State Park, the area attracts visitors for fishing, boating, hiking, and camping. The dam itself, completed in 1962, plays a crucial role in irrigation, flood control, and water storage for the region. Navajo Lake, one of New Mexico's largest reservoirs, offers a picturesque setting for various water activities, making it a popular destination for both locals and tourists. Surrounded by the stunning landscapes of the San Juan Mountains, Navajo Dam provides ample opportunities for wildlife viewing and outdoor exploration. The nearby town of Bloomfield and the larger city of Farmington offer additional amenities, including restaurants, shops, and cultural sites, enhancing the overall experience for visitors in the area. Though small, Navajo Dam is rich in natural beauty and offers a tranquil escape for nature enthusiasts and those seeking a peaceful retreat from city life.

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