Housing costs in Logan?
A typical home costs
$144,000, which is 57.4% less expensive than the national average of
$338,100 and 46.1% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Logan costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 29.1% cheaper than the state average of
$1,020.
Can I afford Logan?
To live comfortably in Logan, New Mexico, a minimum annual income of
$27,720 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Logan?
The cost of living in Logan, NM is relatively low compared to other cities across the country. The median household income is $50,924, which is below the national average. The median home value in the area is approximately $104,900. Renters can expect to pay around $775 per month for a one-bedroom apartment. Utilities are also below the national average with electricity costing about 8% lower than elsewhere in the US and natural gas costing about 2% lower than elsewhere in the US. Sales taxes are slightly above average at 8%, but property taxes are much lower at 0.85%. Overall, Logan has an affordable cost of living that makes it attractive to many people looking for a place to call home.