Housing costs in Ruidoso?
A typical home costs
$282,600, which is 16.4% less expensive than the national average of
$338,100 and 5.8% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Ruidoso costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 29.1% cheaper than the state average of
$1,020.
Can I afford Ruidoso?
To live comfortably in Ruidoso, New Mexico, a minimum annual income of
$54,000 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Ruidoso?
The cost of living in Ruidoso, NM is generally considered to be quite reasonable. Housing costs tend to be lower than many other places in the US, with an average home price of around $180,000. The cost of groceries and other everyday items is also fairly low compared to other areas. This is likely due to the relatively small population size and lack of major industry within the city limits. Additionally, there are a number of options for transportation, both public and private, which helps keep transportation costs down. In short, living in Ruidoso is definitely an affordable option for those who wish to explore all that the area has to offer.