Housing costs in Espanola?
A typical home costs
$253,100, which is 25.1% less expensive than the national average of
$338,100 and 5.2% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Espanola costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 27.5% cheaper than the state average of
$1,020.
Can I afford Espanola?
To live comfortably in Espanola New Mex Metro Area, New Mexico, a minimum annual income of
$48,600 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Espanola?
The cost of living in Española, NM Metro Area is significantly lower than the US average. Specifically, the cost of living index is 81.9 compared to the US average of 100. This indicates that the overall cost of living in Española, NM Metro Area is much more affordable than many other areas in the country. This can be seen further when looking at house median value in the area which is $253,100 compared to the US average of $338,100. Therefore, if you're looking for a place with an affordable cost of living and housing prices, Española may be worth considering.