Housing costs in Chama?
A typical home costs
$284,100, which is 16.0% less expensive than the national average of
$338,100 and 6.4% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Chama costs
$800 per month, which is 21.6% cheaper than the national average of
$1,020 and close to the state average of
$800.
Can I afford Chama?
To live comfortably in Chama (zip 87520), New Mexico, a minimum annual income of
$54,360 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Chama?
The cost of living in 87520 Chama, NM is relatively low compared to other areas in the United States. The median home value is $121,400, with the median household income coming in at $30,828. The average sales tax rate is 7.3%. In terms of food costs, a typical grocery basket for a family of four will average around $169 per month, and the average price of a gallon of gas is $2.45. Renting a one bedroom apartment will usually cost between $480 and $650 per month. All in all, Chama offers an affordable living option for those looking to live close to nature surrounded by stunning landscapes.