Housing costs in La Luz?
A typical home costs
$223,900, which is 33.8% less expensive than the national average of
$338,100 and 16.2% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in La Luz costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 22.9% cheaper than the state average of
$1,020.
Can I afford La Luz?
To live comfortably in La Luz, New Mexico, a minimum annual income of
$42,840 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about La Luz?
The cost of living in La Luz, NM is surprisingly affordable. The median home price is just $163,500, which is significantly lower than the national median home price of $228,000. With the low housing costs, combined with an average sales tax rate of 6.9%, overall living expenses are quite reasonable. Grocery and food prices are also quite affordable in La Luz, with a cost-of-living index of 94.4 compared to the national index of 100. This makes La Luz an attractive destination for those looking for someplace that won't break their budget.