Housing costs in Ponderosa?
A typical home costs
$243,900, which is 27.9% less expensive than the national average of
$338,100 and 8.7% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Ponderosa costs
$1,420 per month, which is 0.7% cheaper than the national average of
$1,430 and 28.2% more than the state average of
$1,020.
Can I afford Ponderosa?
To live comfortably in Ponderosa, New Mexico, a minimum annual income of
$46,800 for a family, and
$46,800 for a single person is recommended.
What does A.I. say about Ponderosa?
The cost of living in Ponderosa, NM is relatively low compared to other parts of the state. Housing costs are especially affordable, with a median home value around $200,000. Groceries and other everyday items are also quite cheap, making it easy to live on a budget in this small town. Taxes are also lower than the national average, giving residents more money to put toward other expenses like entertainment and recreation. All in all, Ponderosa is an attractive option for those looking for a low-cost place to call home.