Zip 87521 (Chamisal, NM) Cost of Living


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How much do I need to live in Chamisal, New Mexico?
$3,330 / month
for a family, 38.3% less expensive than the national average A total of $39,960 for the year for a family.
$2,767 / month
for a single person, 42.0% less expensive than the national average A total of $33,200 for the year for a single person.

Chamisal cost of living score
96
Less expensive
4.0% lower
than the US average
8.6% higher
than the New Mexico average
Chamisal (zip 87521), New Mexico gets a BestPlaces Cost of Living score of 96, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 4.0% lower than the U.S. average and 8.6% lower than the average for New Mexico.

Zip 87521 (Chamisal, NM)

Housing costs in Chamisal?
A typical home costs $209,200, which is 38.1% less expensive than the national average of $338,100 and 21.7% less expensive than the average New Mexico home, at $267,100. Renting a two-bedroom unit in Chamisal costs $960 per month, which is 5.9% cheaper than the national average of $1,020 and 2.1% more than the state average of $940.

Can I afford Chamisal?
To live comfortably in Chamisal (zip 87521), New Mexico, a minimum annual income of $39,960 for a family, and $33,200 for a single person is recommended.

What does A.I. say about Chamisal?
The cost of living in 87521 Chamisal, NM is relatively low compared to other parts of the country. The median home value is $180,400, and the median rent price for a one-bedroom apartment is $699 per month. The average cost of utilities such as electricity, water, and gas is around $148 per month. Groceries are reasonably priced with an average weekly grocery bill sitting around $50. Transportation costs are also quite reasonable as there is no public transit system available. Owning a car will be necessary for most people in order to get around town. Overall, 87521 Chamisal offers a great quality of life at a very reasonable price.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesChamisalNew MexicoUnited States
    Unlock88.4100.0
  94.2  Unlock100.0
    Unlock82.6100.0
  71.4  Unlock100.0
    Unlock$267,100$338,100
  105.7  Unlock100.0
    Unlock84.6100.0
  97.3  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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