Housing costs in Corona?
A typical home costs
$256,600, which is 24.1% less expensive than the national average of
$338,100 and 3.9% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Corona costs
$1,030 per month, which is 28.0% cheaper than the national average of
$1,430 and close to the state average of
$1,020.
Can I afford Corona?
To live comfortably in Corona (zip 88318), New Mexico, a minimum annual income of
$49,320 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Corona?
The cost of living in 88318 Corona, NM is generally very low. The median home value in the area is $95,800, far below the national average of $196,500. Renters can find affordable housing options with a median rent price of just $755 per month. Utilities are also quite reasonable in the area and prices for groceries and other everyday items remain low when compared to other parts of the country. In addition, there are no state income taxes, making it an attractive place to live for those looking for affordable housing and lower tax rates.