Housing costs in El Cerro?
A typical home costs
$215,500, which is 36.3% less expensive than the national average of
$338,100 and 19.3% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in El Cerro costs
$1,200 per month, which is 16.1% cheaper than the national average of
$1,430 and 15.0% more than the state average of
$1,020.
Can I afford El Cerro?
To live comfortably in El Cerro, New Mexico, a minimum annual income of
$41,400 for a family, and
$39,200 for a single person is recommended.
What does A.I. say about El Cerro?
The cost of living in El Cerro, NM is relatively affordable compared to many other rural areas in the United States. The median home value is just over $90,000 and the median household income is around $38,000. This means that housing costs are relatively low, which can make it a great place to live for those on a budget. Groceries and other necessities are also reasonably priced, making it an economical place to live overall. Furthermore, El Cerro has a low crime rate and offers residents plenty of recreational activities such as hiking trails and camping spots. All in all, El Cerro offers its residents a quality of life that doesn't break the bank.