Housing costs in Cerro?
A typical home costs
$430,400, which is 27.3% more expensive than the national average of
$338,100 and 61.1% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Cerro costs
$940 per month, which is 7.8% cheaper than the national average of
$1,020 and close to the state average of
$940.
Can I afford Cerro?
To live comfortably in Cerro (zip 87519), New Mexico, a minimum annual income of
$82,440 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Cerro?
The cost of living in 87519 Cerro, NM is relatively low compared to other parts of the country. The median home price for the area is around $117,000 which leaves plenty of room in the budget for other expenses. Groceries and dining out are also quite affordable with an average cost for a meal at a mid-range restaurant coming in at just over $20. Utilities are also quite reasonable with electricity averaging around $90 per month. In general, 87519 Cerro, NM provides a great quality of life at an affordable price point.