Housing costs in Soham?
A typical home costs
$223,100, which is 34.0% less expensive than the national average of
$338,100 and 16.5% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Soham costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 29.1% cheaper than the state average of
$1,020.
Can I afford Soham?
To live comfortably in Soham, New Mexico, a minimum annual income of
$42,840 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Soham?
The cost of living in Soham, NM is relatively low compared to other parts of the US. The average cost of a home in Soham is just over $100,000 and the median rent is around $600. Property taxes are also quite low with an average rate of 0.85%. Groceries, healthcare, and transportation expenses tend to be slightly lower than the national average as well. On top of all of this, Soham has no state income taxes which can help keep overall costs down for residents.