Housing costs in Chimayo?
A typical home costs
$252,000, which is 25.5% less expensive than the national average of
$338,100 and 5.7% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Chimayo costs
$1,350 per month, which is 5.6% cheaper than the national average of
$1,430 and 24.4% more than the state average of
$1,020.
Can I afford Chimayo?
To live comfortably in Chimayo, New Mexico, a minimum annual income of
$48,240 for a family, and
$46,800 for a single person is recommended.
What does A.I. say about Chimayo?
The cost of living in Chimayo, NM is relatively low when compared to the rest of the United States. The median home price in Chimayo is approximately $169,600, which is quite a bit lower than the national median home price of $219,700. Additionally, the estimated cost of living index for Chimayo is 86.5, which means that it’s 14.5% lower than the U.S average. This is great news for those looking to move to Chimayo as they don’t have to worry about spending too much on basic necessities such as food and housing costs. Furthermore, Chimayo has a very low unemployment rate at just 5%, meaning that there are plenty of job opportunities available for those looking for employment in the area.