Housing costs in Tierra Amarilla?
A typical home costs
$173,000, which is 48.8% less expensive than the national average of
$338,100 and 35.2% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Tierra Amarilla costs
$770 per month, which is 46.2% cheaper than the national average of
$1,430 and 32.5% cheaper than the state average of
$1,020.
Can I afford Tierra Amarilla?
To live comfortably in Tierra Amarilla, New Mexico, a minimum annual income of
$33,120 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Tierra Amarilla?
The cost of living in Tierra Amarilla, NM is generally considered to be affordable for most people. The median home value is around $144,800, which is lower than the national median. Renting costs are also relatively low, with rents ranging from $450-$600 for a one or two-bedroom apartment. Groceries and other essentials are also quite affordable, making this an ideal place for people looking to settle down without breaking the bank. The overall cost of living index is at 92%, meaning it is 8% below the national average.