Housing costs in Red River?
A typical home costs
$317,600, which is 6.1% less expensive than the national average of
$338,100 and 18.9% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Red River 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 Red River?
To live comfortably in Red River, New Mexico, a minimum annual income of
$60,840 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Red River?
The cost of living in Red River, NM is quite reasonable. The median home value is just over $300,000 and the median rent is around $1,000. The cost of groceries and dining out are also very affordable. The town has a good variety of restaurants and shopping options that won’t break the bank. Red River offers several activities that can be enjoyed without spending a lot of money including skiing, hiking, outdoor adventures, fishing, and more. Overall, Red River provides an affordable place to live with plenty of fun activities to enjoy.