Housing costs in South Valley?
A typical home costs
$186,900, which is 44.7% less expensive than the national average of
$338,100 and 30.0% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in South Valley costs
$980 per month, which is 31.5% cheaper than the national average of
$1,430 and 4.1% cheaper than the state average of
$1,020.
Can I afford South Valley?
To live comfortably in South Valley, New Mexico, a minimum annual income of
$35,640 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about South Valley?
The cost of living in South Valley, NM is relatively affordable. The average home price is around $100,000 and the median household income is approximately $44,000 a year. Utilities and groceries are also quite reasonable compared to other parts of the country. Residents of South Valley enjoy a more relaxed lifestyle with lower cost of living than many other parts of the U.S., while still having access to all the amenities they need for comfortable living. Shopping centers, restaurants, and entertainment venues are all within short distances from each other and easy to reach by car or public transportation. In addition, local taxes are low and healthcare options are plentiful in South Valley. All this makes for an ideal place for those looking for an affordable yet pleasant place to call home.