Housing costs in El Rito?
A typical home costs
$232,800, which is 31.1% less expensive than the national average of
$338,100 and 12.8% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in El Rito costs
$780 per month, which is 45.5% cheaper than the national average of
$1,430 and 30.8% cheaper than the state average of
$1,020.
Can I afford El Rito?
To live comfortably in El Rito, New Mexico, a minimum annual income of
$44,640 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about El Rito?
The cost of living in El Rito, NM is relatively affordable compared to other parts of the state. The median home price is around $145,000, which represents a 20% decrease from the previous year. Renters will also find that the average rent for apartments is lower than in many other parts of New Mexico. Groceries and entertainment expenses are also significantly lower than much of the rest of the state, making El Rito an ideal place to live for those looking for an affordable cost of living.