Housing costs in Chili?
A typical home costs
$252,700, which is 25.3% less expensive than the national average of
$338,100 and 5.4% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Chili costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 25.9% cheaper than the state average of
$1,020.
Can I afford Chili?
To live comfortably in Chili, New Mexico, a minimum annual income of
$48,240 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Chili?
The cost of living in Chili, NM is relatively low compared to other parts of the country. The median home value in Chili is approximately $129,000, which is much lower than the national median home value of $219,700. Additionally, the cost of utilities such as electricity and water is quite low when compared to other areas. Groceries and gasoline are also cheaper than average in Chili. This makes it an ideal location for people looking for a more affordable place to live.