Housing costs in Cedro?
A typical home costs
$350,100, which is 3.5% more expensive than the national average of
$338,100 and 31.1% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Cedro costs
$1,570 per month, which is 9.8% more than the national average of
$1,430 and 35.0% more than the state average of
$1,020.
Can I afford Cedro?
To live comfortably in Cedro, New Mexico, a minimum annual income of
$66,960 for a family, and
$51,600 for a single person is recommended.
What does A.I. say about Cedro?
The cost of living in Cedro, NM is quite reasonable compared to many other cities in the United States. The median home value is $174,200, which is significantly lower than the national median of $213,400. The median rent for a one-bedroom apartment is also relatively affordable at $643 per month. Groceries and restaurants are also reasonably priced in Cedro with a meal at a mid-range restaurant costing an average of $15. The overall cost of living index for Cedro is 79.6, which is 21.4% less than the average U.S. city’s index score of 100. This makes it an attractive destination for those looking for an affordable place to live.