Housing costs in Tatum?
A typical home costs
$119,700, which is 64.6% less expensive than the national average of
$338,100 and 55.2% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Tatum costs
$1,000 per month, which is 30.1% cheaper than the national average of
$1,430 and 2.0% cheaper than the state average of
$1,020.
Can I afford Tatum?
To live comfortably in Tatum, New Mexico, a minimum annual income of
$23,040 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Tatum?
The cost of living in Tatum, NM is generally lower than the national average, making it an attractive place to live for those on a budget. The median home price in the area is about $80,000 and utilities are quite affordable. Groceries, however, can be a bit more expensive due to the town's rural location. Gas prices are also often higher than in larger cities nearby. But with low property taxes and overall lower prices for most goods and services overall, Tatum is an attractive option for those looking to save money while still enjoying the comforts of small-town life.