Housing costs in Las Cruces?
A typical home costs
$176,200, which is 47.9% less expensive than the national average of
$338,100 and 34.0% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Las Cruces costs
$900 per month, which is 11.8% cheaper than the national average of
$1,020 and close to the state average of
$890.
Can I afford Las Cruces?
To live comfortably in Las Cruces (zip 88001), New Mexico, a minimum annual income of
$33,840 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Las Cruces?
The cost of living in 88001 Las Cruces, NM is relatively low compared to other parts of the country. The overall cost of living index for Las Cruces is 81.6, which is 19.4% lower than the US average. Housing costs are also much more affordable than the national average, with a median home price of $130,400 and an average rent of $769 per month. Groceries and healthcare are also slightly below the national averages at 13% and 10%, respectively. Overall, Las Cruces offers a great value for those looking to settle down or retire on a budget.