Housing costs in Arroyo Hondo?
A typical home costs
$536,100, which is 58.6% more expensive than the national average of
$338,100 and 100.7% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Arroyo Hondo costs
$1,280 per month, which is 25.5% more than the national average of
$1,020 and 26.6% more than the state average of
$940.
Can I afford Arroyo Hondo?
To live comfortably in Arroyo Hondo (zip 87513), New Mexico, a minimum annual income of
$102,600 for a family, and
$44,400 for a single person is recommended.
What does A.I. say about Arroyo Hondo?
The cost of living in 87513 Arroyo Hondo, NM is relatively low compared to other parts of the country. Housing costs are especially low, with the median home value sitting at around $196,000—well below the national average of $219,700. The median rent in 87513 is also well below the national average, at around $783 a month. Groceries, utilities, and transportation expenses are also lower than national averages. This makes 87513 an appealing place to live for those looking for an affordable cost of living.