Housing costs in Santa Teresa?
A typical home costs
$279,400, which is 17.4% less expensive than the national average of
$338,100 and 4.6% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Santa Teresa costs
$940 per month, which is 34.3% cheaper than the national average of
$1,430 and 8.5% cheaper than the state average of
$1,020.
Can I afford Santa Teresa?
To live comfortably in Santa Teresa, New Mexico, a minimum annual income of
$53,640 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Santa Teresa?
The cost of living in Santa Teresa, NM is quite reasonable. Housing costs are relatively low, with the median home value being around $129,000, which makes it quite affordable for most families. The cost of groceries and other necessities is also lower than the national average. In addition, the city has a low tax rate for residents that provides additional savings to those living in the area. Overall, Santa Teresa is a great place to live thanks to its affordability and other benefits.