Radium Springs, NM Cost of Living


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How much do I need to live in Radium Springs, New Mexico?
$2,010 / month
for a family, 62.8% less expensive than the national average A total of $24,120 for the year for a family.
$2,467 / month
for a single person, 48.2% less expensive than the national average A total of $29,600 for the year for a single person.

Radium Springs cost of living score
83.5
Less expensive
16.5% lower
than the US average
5.5% lower
than the New Mexico average
Radium Springs, New Mexico gets a BestPlaces Cost of Living score of 83.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 16.5% lower than the U.S. average and 5.5% higher than the average for New Mexico.

Radium Springs, NM

Housing costs in Radium Springs?
A typical home costs $125,500, which is 62.9% less expensive than the national average of $338,100 and 53.0% less expensive than the average New Mexico home, at $267,100. Renting a two-bedroom unit in Radium Springs costs $850 per month, which is 40.6% cheaper than the national average of $1,430 and 20.0% cheaper than the state average of $1,020.

Can I afford Radium Springs?
To live comfortably in Radium Springs, New Mexico, a minimum annual income of $24,120 for a family, and $29,600 for a single person is recommended.

What does A.I. say about Radium Springs?
Radium Springs, NM is an affordable place to live. The cost of living is generally lower than the U.S. average, with housing prices below the national average. Groceries and utilities also remain relatively affordable in the area, making it a great option for those looking for an affordable place to call home. Additionally, there are plenty of local amenities such as parks, shopping centers, and restaurants that make Radium Springs a great place to live even on a budget.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesRadium SpringsNew MexicoUnited States
    Unlock88.4100.0
  96.2  Unlock100.0
    Unlock82.6100.0
  47.0  Unlock100.0
    Unlock$267,100$338,100
  100.7  Unlock100.0
    Unlock84.6100.0
  92.7  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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