Hernandez, NM Cost of Living


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Hernandez cost of living score
82.4
Less expensive
17.6% lower
than the US average
6.8% lower
than the New Mexico average
Hernandez, New Mexico gets a BestPlaces Cost of Living score of 82.4, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 17.6% lower than the U.S. average and 6.8% higher than the average for New Mexico.

Hernandez, NM

Housing costs in Hernandez?
A typical home costs $186,400, which is 44.9% less expensive than the national average of $338,100 and 30.2% less expensive than the average New Mexico home, at $267,100. Renting a two-bedroom unit in Hernandez 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 Hernandez?
To live comfortably in Hernandez, New Mexico, a minimum annual income of $35,640 for a family, and $28,000 for a single person is recommended.

What does A.I. say about Hernandez?
The cost of living in Hernandez, NM is quite reasonable. The median home price is still lower than the national average, making housing a great value for those looking to relocate. Additionally, the cost of groceries and other goods is below the national average, creating an even lower cost of living. The average salary in the city is also below the national average, but residents enjoy more leisure time due to a slower pace of life. With its small-town charm and lower costs of living, Hernandez, NM can be a great place to settle down and raise a family.
   Cost of living score
     CategoriesHernandezNew MexicoUnited States
  82.488.4100.0
  95.293.3100
  85.082.6100.0
  58.084.3100.0
  $186,400$267,100$338,100
  99.6%100.4%100.0%
  83.384.6100.0
  77.285.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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