Hot Springs Landing, NM Cost of Living


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United States / New Mexico / No Metro Area / Sierra County / Hot Springs Landing / Zip Codes

Hot Springs Landing cost of living score
73.3
Less expensive
26.7% lower
than the US average
17.1% lower
than the New Mexico average
Hot Springs Landing, New Mexico gets a BestPlaces Cost of Living score of 73.3, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 26.7% lower than the U.S. average and 17.1% higher than the average for New Mexico.

Hot Springs Landing, NM

Housing costs in Hot Springs Landing?
A typical home costs $133,100, which is 60.6% less expensive than the national average of $338,100 and 50.2% less expensive than the average New Mexico home, at $267,100. Renting a two-bedroom unit in Hot Springs Landing costs $780 per month, which is 45.5% cheaper than the national average of $1,430 and 30.8% cheaper than the state average of $1,020.

Can I afford Hot Springs Landing?
To live comfortably in Hot Springs Landing, New Mexico, a minimum annual income of $25,560 for a family, and $23,600 for a single person is recommended.

What does A.I. say about Hot Springs Landing?
Hot Springs Landing, NM is a great place to live for those who are looking for affordability. The cost of living in Hot Springs Landing is much lower than the national average and many other cities of similar size. Groceries, transportation, healthcare, and housing are all significantly cheaper than the average. In addition, there are several tax credits and incentives available to residents who choose to make Hot Springs Landing their home. All in all, the cost of living in Hot Springs Landing makes it an attractive option for those looking for an affordable place to live.
   Cost of living score
     CategoriesHot Springs LandingNew MexicoUnited States
  73.388.4100.0
  93.793.3100
  87.182.6100.0
  32.684.3100.0
  $133,100$267,100$338,100
  108.6%100.4%100.0%
  69.684.6100.0
  73.485.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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