Housing costs in Rio Communities?
A typical home costs
$214,300, which is 36.6% less expensive than the national average of
$338,100 and 19.8% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Rio Communities costs
$1,030 per month, which is 28.0% cheaper than the national average of
$1,430 and close to the state average of
$1,020.
Can I afford Rio Communities?
To live comfortably in Rio Communities, New Mexico, a minimum annual income of
$41,040 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about Rio Communities?
The cost of living in Rio Communities, NM is quite affordable compared to other parts of the state. According to data from Sperling's Best Places, the overall cost of living index for this area is 84.0, which is 16% lower than the New Mexico average. Housing costs are particularly attractive, with a median home price of $92,800 and rental rates that are significantly lower than in other parts of the state. Utilities are also more affordable here, as most households pay an average monthly bill of less than $200 for their electricity and water. Additionally, groceries and healthcare expenses are both below the national average. All together, these factors make Rio Communities an excellent option for those looking for a more affordable place to call home.