Housing costs in Conchas Dam?
A typical home costs
$184,400, which is 45.5% less expensive than the national average of
$338,100 and 31.0% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Conchas Dam costs
$780 per month, which is 23.5% cheaper than the national average of
$1,020 and 2.6% cheaper than the state average of
$800.
Can I afford Conchas Dam?
To live comfortably in Conchas Dam (zip 88416), New Mexico, a minimum annual income of
$35,280 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Conchas Dam?
The cost of living in 88416 Conchas Dam, NM is quite affordable compared to the national average. The median household income is approximately $22,000, which is substantially lower than the median income for the country as a whole. Housing costs are also much lower than the national average. According to Zillow, the median home value in 88416 Conchas Dam is $80,000 and renters can expect to pay around $575 per month on average. In addition to relatively low housing costs, utilities are also quite affordable due to favorable climates throughout most of New Mexico. Overall, 88416 Conchas Dam provides an excellent quality of life with a low cost of living that allows residents to maintain their financial security.