Housing costs in Arenas Valley?
A typical home costs
$146,500, which is 56.7% less expensive than the national average of
$338,100 and 45.2% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Arenas Valley costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 24.4% cheaper than the state average of
$1,020.
Can I afford Arenas Valley?
To live comfortably in Arenas Valley, New Mexico, a minimum annual income of
$28,080 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Arenas Valley?
The cost of living in Arenas Valley, NM is surprisingly affordable. The median home value is $154,000, which is a great deal for those looking to buy or rent a home in this charming small town. The overall cost of living index in Arenas Valley is 91.2, which is 9.8% lower than the national average. This means that residents of Arenas Valley can expect to pay much less for everyday necessities such as groceries and utilities when compared to other parts of the country. There are also no state income taxes in New Mexico, allowing residents to keep more of their hard-earned money. With all these factors combined, it's easy to see why Arenas Valley has a reputation as an affordable place to live with plenty of natural beauty!