Berino, NM Cost of Living


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Berino cost of living score
83.5
Less expensive
16.5% lower
than the US average
5.5% lower
than the New Mexico average
Berino, New Mexico gets a BestPlaces Cost of Living score of 83.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 16.5% lower than the U.S. average and 5.5% higher than the average for New Mexico.

Berino, NM

Housing costs in Berino?
A typical home costs $105,800, which is 68.7% less expensive than the national average of $338,100 and 60.4% less expensive than the average New Mexico home, at $267,100. Renting a two-bedroom unit in Berino costs $890 per month, which is 37.8% cheaper than the national average of $1,430 and 14.6% cheaper than the state average of $1,020.

Can I afford Berino?
To live comfortably in Berino, New Mexico, a minimum annual income of $20,160 for a family, and $30,800 for a single person is recommended.

What does A.I. say about Berino?
The cost of living in Berino, NM is quite reasonable. Prices for basic goods and services are comparable to those found in other towns of similar size and location. The median home value in Berino is approximately $157,000, which is slightly below the state average. Renting a one-bedroom apartment in Berino typically costs around $700-$800 per month. Groceries and gasoline are also reasonably priced, while utilities are slightly higher than the national average due to the town's remote location. In general, the cost of living in Berino is quite affordable for anyone looking to settle down in a small New Mexico community with plenty of natural beauty.
   Cost of living score
     CategoriesBerinoNew MexicoUnited States
  83.588.4100.0
  91.293.3100
  86.682.6100.0
  31.884.3100.0
  $105,800$267,100$338,100
  100.7%100.4%100.0%
  78.084.6100.0
  92.285.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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