Housing costs in Santa Cruz?
A typical home costs
$284,100, which is 16.0% less expensive than the national average of
$338,100 and 6.4% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Santa Cruz costs
$1,020 per month, which is 28.7% cheaper than the national average of
$1,430 and close to the state average of
$1,020.
Can I afford Santa Cruz?
To live comfortably in Santa Cruz, New Mexico, a minimum annual income of
$54,360 for a family, and
$35,600 for a single person is recommended.
What does A.I. say about Santa Cruz?
The cost of living in Santa Cruz, NM is quite affordable compared to larger cities. Home prices are below the national average and the median rent for a two bedroom apartment is just around $650. Taxes are also relatively low; sales tax is 7.7%, below the national average of 8.4%. Groceries, utilities, and health care costs are all slightly below the U.S. averages as well. Overall, Santa Cruz offers an excellent quality of life at a much lower cost than many other parts of the country.