Housing costs in Cotton City?
A typical home costs
$117,500, which is 65.2% less expensive than the national average of
$338,100 and 56.0% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Cotton City costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 27.5% cheaper than the state average of
$1,020.
Can I afford Cotton City?
To live comfortably in Cotton City, New Mexico, a minimum annual income of
$22,680 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Cotton City?
The cost of living in Cotton City, NM is relatively affordable. The median home value is $103,100, which is lower than the national average and rents are also relatively low compared to other areas in the country. Despite its low cost of living, Cotton City still offers amenities including a variety of restaurants, shops, entertainment venues, and outdoor recreation opportunities. Furthermore, the city has an average commute time of just 25 minutes making it a great place for those looking for a convenient lifestyle with plenty of affordable options.