Housing costs in San Miguel?
A typical home costs
$159,100, which is 52.9% less expensive than the national average of
$338,100 and 40.4% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in San Miguel costs
$950 per month, which is 33.6% cheaper than the national average of
$1,430 and 7.4% cheaper than the state average of
$1,020.
Can I afford San Miguel?
To live comfortably in San Miguel, New Mexico, a minimum annual income of
$30,600 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about San Miguel?
San Miguel, NM is an affordable place to live, with a cost of living index that is substantially lower than the rest of the United States. With a median home value of just $187,500 and an average rent of around $595, housing costs are especially low in comparison to other cities in the area. The cost of utilities and essential services are also much lower than what one would find in more expensive cities. In addition, groceries are quite affordable as well due to the large number of local farmers markets and grocery stores. All these make San Miguel a great option for those looking for an inexpensive yet comfortable place to live.