Housing costs in Luis Lopez?
A typical home costs
$201,100, which is 40.5% less expensive than the national average of
$338,100 and 24.7% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Luis Lopez 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 Luis Lopez?
To live comfortably in Luis Lopez, New Mexico, a minimum annual income of
$38,520 for a family, and
$24,000 for a single person is recommended.
What does A.I. say about Luis Lopez?
The cost of living in Luis Lopez, NM is relatively affordable. The median household income is slightly lower than the national average, but housing costs are quite competitive. The median home value in Luis Lopez is $146,100, which is lower than the state median of $173,800. Renters can find a one-bedroom apartment for around $500 per month or a three-bedroom for around $750 per month. Utilities like electricity and internet are also reasonably priced compared to other cities in the region. In addition to these affordable prices, there are some tax breaks available to residents of Luis Lopez that can help offset some of the living expenses.