Housing costs in Espanola?
A typical home costs
$269,000, which is 20.4% less expensive than the national average of
$338,100 and 0.7% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Espanola costs
$1,030 per month, which is 28.0% cheaper than the national average of
$1,430 and close to the state average of
$1,020.
Can I afford Espanola?
To live comfortably in Espanola, New Mexico, a minimum annual income of
$51,480 for a family, and
$35,600 for a single person is recommended.
What does A.I. say about Espanola?
The cost of living in Espanola, NM is relatively low. The median home price is around $149,000, which is significantly lower than the national median. Additionally, the cost of groceries and other essential goods is generally lower here than in many other parts of the country. In addition to affordable housing and groceries, residents enjoy relatively low taxes and utilities costs. Overall, Espanola offers a high quality of life for those looking for a more affordable place to live.