Housing costs in Chaves?
A typical home costs
$155,800, which is 53.9% less expensive than the national average of
$338,100 and 41.7% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Chaves costs
$890 per month, which is 37.8% cheaper than the national average of
$1,430 and 14.6% cheaper than the state average of
$1,020.
Can I afford Chaves?
To live comfortably in Chaves New Mex County, New Mexico, a minimum annual income of
$29,880 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Chaves?
Chaves County, NM has a lower cost of living than the US average. The county's cost of living index is 71.2, which is significantly lower than the national average of 100. This means that for those who choose to live in Chaves County, they can expect to pay less for everyday expenses such as groceries, housing, and utilities. In addition, while house values may be higher than other parts of New Mexico, the median house value in Chaves County is still lower than the US average at $155,800 compared to $338,100.