Housing costs in Algodones?
A typical home costs
$302,200, which is 10.6% less expensive than the national average of
$338,100 and 13.1% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Algodones costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 13.3% cheaper than the state average of
$1,020.
Can I afford Algodones?
To live comfortably in Algodones, New Mexico, a minimum annual income of
$57,960 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Algodones?
The cost of living in Algodones, NM is generally quite low compared to cities of similar size. The median home value in the city is around $122,500 and the median household income is around $28,000. This means that many of the typical costs associated with living in a larger city are substantially lower than those of a similarly sized city. Additionally, most basic necessities such as groceries and utilities tend to be cheaper here due to its rural location. Overall, Algodones provides an affordable and welcoming environment for those looking for a place to call home.