Housing costs in Madrone?
A typical home costs
$117,900, which is 65.1% less expensive than the national average of
$338,100 and 55.9% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Madrone costs
$1,030 per month, which is 28.0% cheaper than the national average of
$1,430 and close to the state average of
$1,020.
Can I afford Madrone?
To live comfortably in Madrone, New Mexico, a minimum annual income of
$22,680 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about Madrone?
The cost of living in Madrone, NM is quite affordable. The median home price is very reasonable at $176,000, and the median household income is above average at $45,402 per year. The cost of utilities and other services are also lower than the national averages. Groceries and transportation costs are also fairly low compared to other areas of the country. All in all, Madrone offers an attractive standard of living for those looking to move to a more rural area with a lower cost of living.