Housing costs in Thoreau?
A typical home costs
$169,900, which is 49.7% less expensive than the national average of
$338,100 and 36.4% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Thoreau 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 Thoreau?
To live comfortably in Thoreau, New Mexico, a minimum annual income of
$32,400 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Thoreau?
The cost of living in Thoreau, NM is relatively low compared to other parts of the country. The median home value in Thoreau is around $50,000, which is well below the national average. Groceries are also relatively affordable as well, with prices being 30 percent lower than the US average. Additionally, utilities like electricity and water are also quite affordable due to the area’s abundance of natural resources. All in all, Thoreau is an ideal place for those looking to stretch their paycheck far while still enjoying a comfortable lifestyle.