Housing costs in Arenas Valley?
A typical home costs
$174,500, which is 48.4% less expensive than the national average of
$338,100 and 34.7% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Arenas Valley costs
$820 per month, which is 19.6% cheaper than the national average of
$1,020 and 2.4% more than the state average of
$800.
Can I afford Arenas Valley?
To live comfortably in Arenas Valley (zip 88022), New Mexico, a minimum annual income of
$33,480 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Arenas Valley?
The cost of living in Arenas Valley, NM (88022) is relatively low compared to other parts of the United States. Housing costs in particular are very affordable, with the median home value being around $83,200 and the median rent being just over $650 per month for a one-bedroom apartment. The unemployment rate here is fairly low at 3.9%, and overall locals can expect to pay around 11% less for goods and services than would be typical for a comparable area elsewhere in the country. In addition, taxes in New Mexico are known to be quite favorable for residents, making it an attractive place to live.