Housing costs in Indian Hills?
A typical home costs
$164,000, which is 51.5% less expensive than the national average of
$338,100 and 38.6% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Indian Hills costs
$990 per month, which is 30.8% cheaper than the national average of
$1,430 and 3.0% cheaper than the state average of
$1,020.
Can I afford Indian Hills?
To live comfortably in Indian Hills, New Mexico, a minimum annual income of
$31,320 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Indian Hills?
The cost of living in Indian Hills, NM is relatively low compared to many other places in the US. Housing costs are very reasonable and generally range from $500-$700 a month, depending on whether you are renting or buying. Groceries, gas and utilities are also much less expensive than the national average. The area is known for its low taxes and there is no sales tax on food or clothing. Overall, living in Indian Hills can be a much more affordable option than many other parts of the country.