Housing costs in Bloomfield?
A typical home costs
$173,300, which is 48.7% less expensive than the national average of
$338,100 and 35.1% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Bloomfield costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 18.6% cheaper than the state average of
$1,020.
Can I afford Bloomfield?
To live comfortably in Bloomfield, New Mexico, a minimum annual income of
$33,120 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Bloomfield?
The cost of living in Bloomfield, NM is relatively low. The median home value in Bloomfield is approximately $131,300, which is much lower than the national median home value of $231,200. Renting a two-bedroom apartment costs an average of $700 per month and utilities are very affordable; electricity averages just over $100 per month. Groceries in Bloomfield are also reasonably priced with staples like bread and eggs costing less than the national average. Overall, living in Bloomfield can be quite affordable for those who work here or are looking to relocate to the area.