Housing costs in Penasco?
A typical home costs
$200,100, which is 40.8% less expensive than the national average of
$338,100 and 25.1% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Penasco costs
$940 per month, which is 34.3% cheaper than the national average of
$1,430 and 8.5% cheaper than the state average of
$1,020.
Can I afford Penasco?
To live comfortably in Penasco, New Mexico, a minimum annual income of
$38,520 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Penasco?
The cost of living in Penasco, NM is quite reasonable. The average home price is around $125,000, which is lower than the U.S. national average. Additionally, the cost of goods and services such as groceries and utilities are lower than many other areas in the United States. In addition, taxes are relatively low in Penasco, making it an attractive place for those interested in affordable living costs. All of these factors make Penasco a desirable place to live for those looking to stretch their budget further and still enjoy all that New Mexico has to offer.