Housing costs in Portales?
A typical home costs
$124,900, which is 63.1% less expensive than the national average of
$338,100 and 53.2% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Portales costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 22.9% cheaper than the state average of
$1,020.
Can I afford Portales?
To live comfortably in Portales, New Mexico, a minimum annual income of
$23,760 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Portales?
Portales, NM is a great place to live for those who are looking for an affordable cost of living. The overall cost of living index in Portales is almost 20% lower than the US average, making it one of the most affordable cities in the country. Rent and housing costs are some of the lowest in the nation, making renting or buying property more accessible for individuals and families with limited budgets. Additionally, groceries, utilities, transportation costs, and other expenses are generally quite low. All in all, living in Portales can help you save money while still enjoying all that this small city has to offer.