La Plata, NM Cost of Living


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La Plata cost of living score
79.5
Less expensive
20.5% lower
than the US average
10.1% lower
than the New Mexico average
La Plata, New Mexico gets a BestPlaces Cost of Living score of 79.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 20.5% lower than the U.S. average and 10.1% higher than the average for New Mexico.

La Plata, NM

Housing costs in La Plata?
A typical home costs $232,600, which is 31.2% less expensive than the national average of $338,100 and 12.9% less expensive than the average New Mexico home, at $267,100. Renting a two-bedroom unit in La Plata costs $890 per month, which is 37.8% cheaper than the national average of $1,430 and 14.6% cheaper than the state average of $1,020.

Can I afford La Plata?
To live comfortably in La Plata, New Mexico, a minimum annual income of $44,640 for a family, and $30,400 for a single person is recommended.

What does A.I. say about La Plata?
Living in La Plata, NM is relatively inexpensive. The cost of living index is 80.5, which is lower than the US average of 100. This means that it's typically less expensive to buy groceries, utilities, health care and other goods and services in La Plata than most places in the US. Additionally, real estate prices are quite low here with a median home value of $68,000. Renters can also find affordable housing as the median rent price for La Plata is only $612 per month. All in all, La Plata offers a very affordable lifestyle for its residents.
   Cost of living score
     CategoriesLa PlataNew MexicoUnited States
  79.588.4100.0
  96.793.3100
  83.882.6100.0
  60.984.3100.0
  $232,600$267,100$338,100
  95.2%100.4%100.0%
  87.184.6100.0
  78.585.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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