Housing costs in University Park?
A typical home costs
$189,300, which is 44.0% less expensive than the national average of
$338,100 and 29.1% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in University Park costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 13.3% cheaper than the state average of
$1,020.
Can I afford University Park?
To live comfortably in University Park, New Mexico, a minimum annual income of
$36,360 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about University Park?
University Park, NM is quite affordable in terms of cost of living. With a median family income of about $35,000, it is well below the national average and property taxes are some of the lowest in the state. Rent is also fairly inexpensive compared to other cities, with monthly costs for a two-bedroom apartment averaging around $600. Groceries and utilities are generally also more affordable than in other areas.