Zip 88311 (Boles Acres, NM) Cost of Living


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Boles Acres cost of living score
75.2
Less expensive
24.8% lower
than the US average
14.9% lower
than the New Mexico average
Boles Acres (zip 88311), New Mexico gets a BestPlaces Cost of Living score of 75.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 24.8% lower than the U.S. average and 14.9% higher than the average for New Mexico.

Zip 88311 (Boles Acres, NM)

Housing costs in Boles Acres?
A typical home costs $89,300, which is 73.6% less expensive than the national average of $338,100 and 66.6% less expensive than the average New Mexico home, at $267,100. Renting a two-bedroom unit in Boles Acres costs $810 per month, which is 20.6% cheaper than the national average of $1,020 and close to the state average of $800.

Can I afford Boles Acres?
To live comfortably in Boles Acres (zip 88311), New Mexico, a minimum annual income of $17,280 for a family, and $28,400 for a single person is recommended.

What does A.I. say about Boles Acres?
The cost of living in 88311 Boles Acres, NM is relatively low. The median home price is around $93,800, which is affordable for many families. The average monthly rental rate is only $821 and the median household income in the area is about $45,000 per year. In addition to low housing costs, there are also inexpensive options for grocery shopping and dining out. Taxes are also relatively low compared to other parts of the country, making it an attractive place to live for those on a budget.
   Cost of living score
     CategoriesBoles AcresNew MexicoUnited States
  75.288.4100.0
  88.693.3100
  86.882.6100.0
  25.384.3100.0
  $89,300$267,100$338,100
  108.0%100.4%100.0%
  69.184.6100.0
  77.885.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime