Housing costs in Ruidoso Downs?
A typical home costs
$181,700, which is 46.3% less expensive than the national average of
$338,100 and 32.0% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Ruidoso Downs 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 Ruidoso Downs?
To live comfortably in Ruidoso Downs, New Mexico, a minimum annual income of
$34,920 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Ruidoso Downs?
Ruidoso Downs, NM is a great place to live due to its low cost of living. The cost of living index in Ruidoso Downs is 97.5, which is lower than the state average of 100 and the national average of 103. Groceries are quite economical, with prices below both the state and national averages. Additionally, utility bills such as electricity and water are also much lower than the average for New Mexico and the United States as a whole. Despite its low cost of living, Ruidoso Downs still offers plenty of activities for all ages, making it an ideal place to live.