Housing costs in Cedar Grove?
A typical home costs
$191,500, which is 43.4% less expensive than the national average of
$338,100 and 28.3% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Cedar Grove costs
$1,300 per month, which is 9.1% cheaper than the national average of
$1,430 and 21.5% more than the state average of
$1,020.
Can I afford Cedar Grove?
To live comfortably in Cedar Grove, New Mexico, a minimum annual income of
$36,720 for a family, and
$45,200 for a single person is recommended.
What does A.I. say about Cedar Grove?
Cedar Grove, NM is an affordable place to live, with a cost of living index that is lower than the national average. The overall cost of groceries, housing, and healthcare are all lower than the US average. The median home price in Cedar Grove is around $150,000 which is well below the average for New Mexico. Renters also benefit from low costs; a one-bedroom apartment in Cedar Grove typically rents for around $700 per month. Utility costs are also low, making Cedar Grove an ideal place for people looking to save money on their expenses while still enjoying all that the city has to offer.