Housing costs in Lemitar?
A typical home costs
$114,300, which is 66.2% less expensive than the national average of
$338,100 and 57.2% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Lemitar costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 25.9% cheaper than the state average of
$1,020.
Can I afford Lemitar?
To live comfortably in Lemitar, New Mexico, a minimum annual income of
$21,960 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Lemitar?
The cost of living in Lemitar, NM is quite reasonable. Although the city does not have the same level of economic activity as nearby cities such as Albuquerque and Santa Fe, the cost of living is still quite low. The median home value in Lemitar is around $90,000, which is significantly lower than the national average of $231,200. Other living expenses such as food and utilities are also significantly cheaper than other places in the region. This makes it very easy for people to live comfortably without breaking their budget.