Housing costs in Grants?
A typical home costs
$124,200, which is 63.3% less expensive than the national average of
$338,100 and 53.5% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Grants costs
$910 per month, which is 36.4% cheaper than the national average of
$1,430 and 12.1% cheaper than the state average of
$1,020.
Can I afford Grants?
To live comfortably in Grants, New Mexico, a minimum annual income of
$23,760 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Grants?
Living in Grants, NM can be quite affordable. The median home value is $86,550, which is significantly lower than the national average of $184,700. Property taxes are relatively low at only 0.7%, and the cost of living is slightly below the national average. Rent for a one-bedroom apartment averages around $580 per month, while utilities typically cost about $134 per month. Groceries are very reasonably priced here; you can get items like milk for just $2.50 and a dozen eggs for as little as $1.75. Overall, Grants is an excellent place to live if you’re looking for an affordable lifestyle!