Housing costs in Cotton City?
A typical home costs
$135,400, which is 60.0% less expensive than the national average of
$338,100 and 49.3% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Cotton City 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 Cotton City?
To live comfortably in Cotton City (zip 88020), New Mexico, a minimum annual income of
$25,920 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Cotton City?
The cost of living in 88020 Cotton City, NM is generally considered to be quite affordable. The median household income in the area is $40,125 and the median home value is only $90,000. This makes it an excellent choice for those looking for a place to live that won't break the bank. Additionally, utilities tend to be lower than average and there are plenty of free activities available within the community. All in all, 88020 Cotton City, NM is a great place to call home without having to worry about budgeting too heavily.