Housing costs in Duran?
A typical home costs
$163,300, which is 51.7% less expensive than the national average of
$338,100 and 38.9% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Duran costs
$1,040 per month, which is 27.3% cheaper than the national average of
$1,430 and close to the state average of
$1,020.
Can I afford Duran?
To live comfortably in Duran, New Mexico, a minimum annual income of
$31,320 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Duran?
The cost of living in Duran, NM is quite affordable. With a population of less than 500 people, it is much more affordable than larger cities and towns. The average home price in the area is around $120,000 and the median household income is just over $38,000 which makes it easier to live within your means. The property taxes are very low compared to other areas in the state and the cost of transportation is relatively low due to the rural location. There are also many affordable dining options available, making it easy to enjoy a meal out without breaking the budget.