Housing costs in Chaparral?
A typical home costs
$125,500, which is 62.9% less expensive than the national average of
$338,100 and 53.0% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Chaparral costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 21.4% cheaper than the state average of
$1,020.
Can I afford Chaparral?
To live comfortably in Chaparral, New Mexico, a minimum annual income of
$24,120 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Chaparral?
The cost of living in Chaparral, NM is relatively affordable. Compared to the national average, it's about 11% lower. The median home value here is around $134,000 which is much lower than the national median of $223,000. Groceries and basic utilities are also cheaper than average which helps keep overall costs down. Additionally, with no state income tax in New Mexico, people who work in Chaparral can take home more money each month and have a higher disposable income than average. All these factors combine to make Chaparral an attractive place for people looking to save money while still having all the amenities they need.