Housing costs in Clayton?
A typical home costs
$100,200, which is 70.4% less expensive than the national average of
$338,100 and 62.5% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Clayton costs
$710 per month, which is 50.3% cheaper than the national average of
$1,430 and 43.7% cheaper than the state average of
$1,020.
Can I afford Clayton?
To live comfortably in Clayton, New Mexico, a minimum annual income of
$19,080 for a family, and
$22,400 for a single person is recommended.
What does A.I. say about Clayton?
The cost of living in Clayton, NM is quite affordable. According to the latest data from Sperling's Best Places, the overall cost of living index for Clayton is 84.7, which is lower than the U.S. average of 100. Housing costs are particularly low; the median home value for Clayton is just $50,800, which is far below the national average of $184,700. The median household income for Clayton is roughly $35,000 and basic necessities like groceries and health care tend to be a bit cheaper than in other areas of New Mexico and the nation as a whole. Additionally, there are numerous tax incentives available to businesses and residents alike that can help reduce overall costs even further.