Housing costs in Malaga?
A typical home costs
$310,100, which is 8.3% less expensive than the national average of
$338,100 and 16.1% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Malaga costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 29.1% cheaper than the state average of
$1,020.
Can I afford Malaga?
To live comfortably in Malaga, New Mexico, a minimum annual income of
$59,400 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Malaga?
The cost of living in Malaga, NM is relatively low compared to many parts of the United States. According to BestPlaces.net, the overall cost of living index in Malaga is 82.1 (the national average is 100). In particular, housing costs are especially low with a median home value of just $99,200- far below the national average. Other factors such as utilities and grocery stores also have prices lower than the national average, making life in Malaga an affordable option for those seeking a more rural lifestyle.