Chama, NM Cost of Living


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Chama cost of living score
82.4
Less expensive
17.6% lower
than the US average
6.8% lower
than the New Mexico average
Chama, New Mexico gets a BestPlaces Cost of Living score of 82.4, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 17.6% lower than the U.S. average and 6.8% higher than the average for New Mexico.

Chama, NM

Housing costs in Chama?
A typical home costs $279,300, which is 17.4% less expensive than the national average of $338,100 and 4.6% more expensive than the average New Mexico home, at $267,100. Renting a two-bedroom unit in Chama costs $810 per month, which is 43.4% cheaper than the national average of $1,430 and 25.9% cheaper than the state average of $1,020.

Can I afford Chama?
To live comfortably in Chama, New Mexico, a minimum annual income of $53,640 for a family, and $28,000 for a single person is recommended.

What does A.I. say about Chama?
The cost of living in Chama, NM is relatively low compared to other places in the United States. The median home cost in Chama is just under $100,000 and the median rent is around $700 a month. This makes Chama an attractive place for people looking to live a simpler life without breaking the bank. Overall, the cost of groceries and other necessities are about the same as any other part of the country, making it an affordable place to live.
   Cost of living score
     CategoriesChamaNew MexicoUnited States
  82.488.4100.0
  95.393.3100
  85.082.6100.0
  63.784.3100.0
  $279,300$267,100$338,100
  104.1%100.4%100.0%
  83.684.6100.0
  77.185.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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