Housing costs in Montezuma?
A typical home costs
$251,700, which is 25.6% less expensive than the national average of
$338,100 and 5.8% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Montezuma costs
$870 per month, which is 39.2% cheaper than the national average of
$1,430 and 17.2% cheaper than the state average of
$1,020.
Can I afford Montezuma?
To live comfortably in Montezuma (zip 87731), New Mexico, a minimum annual income of
$48,240 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Montezuma?
The cost of living in 87731 Montezuma, NM is very affordable. According to the US Bureau of Labor Statistics, the median household income is around $44,000 per year and the average home costs slightly over $100,000. The cost of groceries is also relatively low compared to surrounding areas. Additionally, the cost of utilities is quite reasonable with electricity costing about $119/month and natural gas costing around $45/month. This makes Montezuma great for those who are looking for a nice place to live without breaking the bank.