Housing costs in Portales?
A typical home costs
$123,400, which is 63.5% less expensive than the national average of
$338,100 and 53.8% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Portales costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 18.6% cheaper than the state average of
$1,020.
Can I afford Portales?
To live comfortably in Portales New Mex Metro Area, New Mexico, a minimum annual income of
$23,760 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Portales?
The cost of living in Portales, NM Metro Area is much lower than the US average. At 69.4 points on the Cost of Living Index, it is 30.6 points lower than the national average which stands at 100. This helps to make housing more affordable with a median home value at $123,400, significantly below the US average of $338,100. With such an inexpensive cost of living and housing costs, Portales Metro Area can be a great place to live for those looking for an affordable lifestyle.