Housing costs in Sheep Springs?
A typical home costs
$115,000, which is 66.0% less expensive than the national average of
$338,100 and 56.9% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Sheep Springs costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 25.9% cheaper than the state average of
$1,020.
Can I afford Sheep Springs?
To live comfortably in Sheep Springs, New Mexico, a minimum annual income of
$21,960 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Sheep Springs?
The cost of living in Sheep Springs, NM is quite reasonable. Housing is affordable and more than half of the population owns their own home. The average cost of a two-bedroom apartment is around $600 per month and the median home price is less than $100,000. Food costs are also very reasonable, with groceries and dining out both being considerably cheaper than most other parts of the country. There are plenty of recreational activities to take part in without having to break the bank and overall, Sheep Springs offers an excellent quality of life at a fraction of what it would cost elsewhere.