Housing costs in Cochiti Lake?
A typical home costs
$257,000, which is 24.0% less expensive than the national average of
$338,100 and 3.8% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Cochiti Lake costs
$1,550 per month, which is 8.4% more than the national average of
$1,430 and 34.2% more than the state average of
$1,020.
Can I afford Cochiti Lake?
To live comfortably in Cochiti Lake, New Mexico, a minimum annual income of
$49,320 for a family, and
$50,800 for a single person is recommended.
What does A.I. say about Cochiti Lake?
The cost of living in Cochiti Lake, NM is quite low compared to the national average. The median home price is around $200,000 which is much lower than the US median of approximately $313,000. On top of that, the median household income in the area is around $37,694 which is also lower than the national average. Utility bills tend to be quite low since energy costs are cheaper in this part of New Mexico. Groceries are generally affordable as well and overall it's a relatively inexpensive place to live.