Housing costs in Cochiti Lake?
A typical home costs
$257,700, which is 23.8% less expensive than the national average of
$338,100 and 3.5% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Cochiti Lake costs
$1,550 per month, which is 52.0% more than the national average of
$1,020 and 26.5% more than the state average of
$1,140.
Can I afford Cochiti Lake?
To live comfortably in Cochiti Lake (zip 87083), New Mexico, a minimum annual income of
$49,320 for a family, and
$51,200 for a single person is recommended.
What does A.I. say about Cochiti Lake?
Living in 87083 Cochiti Lake, NM is relatively affordable. According to BestPlaces’s Cost of Living Index, monthly expenses for a single person total around $1,200 while the cost of living for a family of four totals around $3,500. Rent is very affordable with one bedroom apartments going for an average of $550 and three bedroom apartments going for an average of $800. Groceries are also reasonable with basic items costing around 18% less than the national average. Transportation costs are also low with the cost of public transportation at $0.50 per ride and gasoline costing around 15% less than the national average. Overall, living in 87083 Cochiti Lake, NM provides an excellent quality of life without breaking the bank.