Housing costs in Tome?
A typical home costs
$314,100, which is 7.1% less expensive than the national average of
$338,100 and 17.6% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Tome costs
$1,200 per month, which is 16.1% cheaper than the national average of
$1,430 and 15.0% more than the state average of
$1,020.
Can I afford Tome?
To live comfortably in Tome, New Mexico, a minimum annual income of
$60,120 for a family, and
$39,200 for a single person is recommended.
What does A.I. say about Tome?
The cost of living in Tome, NM is quite affordable compared to other areas in the United States. Housing costs are relatively low, with an average home price of around $153,000. The overall cost of groceries and basic necessities is also lower than the United States average, making it an attractive option for those looking to save money while still enjoying a good quality of life. On top of this, there are several tax incentives available to residents of Tome such as property tax abatements and income tax deductions that can help keep the cost of living even lower.