Housing costs in Milan?
A typical home costs
$63,400, which is 81.2% less expensive than the national average of
$338,100 and 76.3% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Milan costs
$760 per month, which is 46.9% cheaper than the national average of
$1,430 and 34.2% cheaper than the state average of
$1,020.
Can I afford Milan?
To live comfortably in Milan, New Mexico, a minimum annual income of
$12,240 for a family, and
$24,000 for a single person is recommended.
What does A.I. say about Milan?
The cost of living in Milan, NM is relatively affordable compared to other areas in the United States. The median home value is around $117,000, with the median rent sitting at $820. Overall, monthly expenses for necessities such as groceries and healthcare are roughly 7% lower than the national average. The cost of utilities is also quite low, making it a great option for those looking to live on a budget. Additionally, there are plenty of activities to do for free or very little money – from parks and trails to festivals and events – so there are plenty of ways to have fun without breaking the bank.