Housing costs in Alamo?
A typical home costs
$45,300, which is 86.6% less expensive than the national average of
$338,100 and 83.0% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Alamo costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 24.4% cheaper than the state average of
$1,020.
Can I afford Alamo?
To live comfortably in Alamo, New Mexico, a minimum annual income of
$8,640 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Alamo?
The cost of living in Alamo, NM is relatively low compared to other cities. This makes it an ideal location for those looking to stretch their money. The average home price in Alamo is around $85,000 which allows for a much more affordable housing market than the national average. Additionally, the overall cost of goods and services are generally lower than the average across the state. This low cost of living makes it easy to save money and live comfortably in Alamo.