Twin Lakes, NM Cost of Living


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Twin Lakes cost of living score
78
Less expensive
22.0% lower
than the US average
11.8% lower
than the New Mexico average
Twin Lakes, New Mexico gets a BestPlaces Cost of Living score of 78, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 22.0% lower than the U.S. average and 11.8% higher than the average for New Mexico.

Twin Lakes, NM

Housing costs in Twin Lakes?
A typical home costs $186,300, which is 44.9% less expensive than the national average of $338,100 and 30.3% less expensive than the average New Mexico home, at $267,100. Renting a two-bedroom unit in Twin Lakes costs $820 per month, which is 42.7% cheaper than the national average of $1,430 and 24.4% cheaper than the state average of $1,020.

Can I afford Twin Lakes?
To live comfortably in Twin Lakes, New Mexico, a minimum annual income of $35,640 for a family, and $27,600 for a single person is recommended.

What does A.I. say about Twin Lakes?
The cost of living in Twin Lakes, NM is quite affordable. The area boasts low housing costs, with the median home price sitting at around $100,000. Food costs are also very reasonable compared to other parts of the country, with the cost of groceries being about 10-15% lower than the national average. Utilities and transportation costs are similarly low. As a result, Twin Lakes is an attractive destination for those looking for a place to live and work while still saving money.
   Cost of living score
     CategoriesTwin LakesNew MexicoUnited States
  78.088.4100.0
  87.993.3100
  84.582.6100.0
  21.284.3100.0
  $186,300$267,100$338,100
  95.1%100.4%100.0%
  75.984.6100.0
  75.485.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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