Housing costs in Chaparral?
A typical home costs
$171,200, which is 49.4% less expensive than the national average of
$338,100 and 35.9% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Chaparral costs
$840 per month, which is 17.6% cheaper than the national average of
$1,020 and 6.0% cheaper than the state average of
$890.
Can I afford Chaparral?
To live comfortably in Chaparral (zip 88081), New Mexico, a minimum annual income of
$32,760 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Chaparral?
The cost of living in 88081 Chaparral, NM is relatively low when compared to other parts of the country. The overall cost of living index is around 87.5, which is much lower than the national average of 100. This makes 88081 Chaparral a great place to live if you're looking for an affordable place to call home. Housing prices are especially attractive with the median home value being around $97,000, making it a great option for first-time buyers and those on a tight budget. Groceries and health care costs are also quite low in comparison with other cities and towns in the area. All in all, Chaparral offers its residents an affordable lifestyle that allows them to maintain a comfortable quality of life without breaking the bank.