Housing costs in Bernalillo?
A typical home costs
$275,300, which is 18.6% less expensive than the national average of
$338,100 and 3.1% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Bernalillo costs
$920 per month, which is 9.8% cheaper than the national average of
$1,020 and 23.9% cheaper than the state average of
$1,140.
Can I afford Bernalillo?
To live comfortably in Bernalillo (zip 87004), New Mexico, a minimum annual income of
$52,920 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Bernalillo?
The cost of living in 87004 Bernalillo, NM is relatively low. According to BestPlaces’s Cost of Living Index, the total cost of living in this area is around 16% lower than the average US city. This makes housing, groceries, and transportation very affordable for residents. The median home value in 87004 Bernalillo is approximately $135,000 which is significantly lower than the national median home value of $231,200. Additionally, the median household income for this zip code is under $37,000 which can make it difficult to afford some of the higher-end amenities available in more expensive areas.