Housing costs in Belen?
A typical home costs
$195,100, which is 42.3% less expensive than the national average of
$338,100 and 27.0% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Belen costs
$1,000 per month, which is 2.0% cheaper than the national average of
$1,020 and 14.0% cheaper than the state average of
$1,140.
Can I afford Belen?
To live comfortably in Belen (zip 87002), New Mexico, a minimum annual income of
$37,440 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Belen?
The cost of living in 87002 Belen, NM is quite affordable compared to other cities in the US. The median home price in Belen is $114,800, which is significantly lower than the median home price in the US of $231,200. Rent prices are also low, with a median rent of $866 per month compared to a median rent of $1,461 around the US. Additionally, utilities like electricity and water are below national averages. Groceries and healthcare costs are also within an acceptable range for most budgets. All in all, the cost of living in 87002 Belen, NM is quite reasonable for those looking to live within their means or stretch their budget a bit further.