Housing costs in Monument?
A typical home costs
$236,800, which is 30.0% less expensive than the national average of
$338,100 and 11.3% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Monument costs
$1,020 per month, which is 28.7% cheaper than the national average of
$1,430 and close to the state average of
$1,020.
Can I afford Monument?
To live comfortably in Monument, New Mexico, a minimum annual income of
$45,360 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Monument?
Monument, NM is a great place to live due to its relatively low cost of living. Housing in the area tends to be quite affordable, with the median home value being just $143,000 and median rent prices at around $818 per month. Food and utilities typically cost less than the national average, making it easier for people on a budget to make their monthly expenses. In addition, residents also enjoy lower taxes compared to other parts of the country. Overall, Monument offers an excellent quality of life with a reasonable cost of living that makes it attractive for those looking for an affordable place to call home.