Housing costs in Los Lunas?
A typical home costs
$254,400, which is 24.8% less expensive than the national average of
$338,100 and 4.8% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Los Lunas costs
$1,200 per month, which is 16.1% cheaper than the national average of
$1,430 and 15.0% more than the state average of
$1,020.
Can I afford Los Lunas?
To live comfortably in Los Lunas, New Mexico, a minimum annual income of
$48,600 for a family, and
$39,200 for a single person is recommended.
What does A.I. say about Los Lunas?
Living in Los Lunas, NM is relatively affordable compared to many other cities in the United States. The overall cost of living index for the city is about 10% lower than the national average. Housing costs in particular are very reasonable, with median rent prices being around $900 per month. Groceries and utilities are also fairly priced with a monthly average total of about $200. Furthermore, transportation costs are low due to its location near major highways and close proximity to Albuquerque's public transit system. Overall, Los Lunas offers an affordable quality of life for those wishing to settle down there.