Housing costs in Midway?
A typical home costs
$170,000, which is 49.7% less expensive than the national average of
$338,100 and 36.4% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Midway 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 Midway?
To live comfortably in Midway, New Mexico, a minimum annual income of
$32,400 for a family, and
$23,600 for a single person is recommended.
What does A.I. say about Midway?
The cost of living in Midway, NM is relatively low compared to other cities in the state. The median home price is around $130,000 and the median rent is around $700 per month. There are a variety of housing options available, from traditional single-family homes to small mobile homes. Groceries and other day-to-day expenses are also very affordable with the cost of basic necessities often being lower than the national average. Despite its low cost of living, Midway has some excellent amenities and resources for its residents such as several parks, public libraries, a post office, and a hospital.