Zip 88114 (Crossroads, NM) Cost of Living


0 Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
United States / New Mexico / Hobbs Metro Area / Lea County / No City / Crossroads (zip 88114)

Crossroads cost of living score
79.4
Less expensive
20.6% lower
than the US average
10.2% lower
than the New Mexico average
Crossroads (zip 88114), New Mexico gets a BestPlaces Cost of Living score of 79.4, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 20.6% lower than the U.S. average and 10.2% higher than the average for New Mexico.

Zip 88114 (Crossroads, NM)

Housing costs in Crossroads?
A typical home costs $298,900, which is 11.6% less expensive than the national average of $338,100 and 11.9% more expensive than the average New Mexico home, at $267,100. Renting a two-bedroom unit in Crossroads costs $760 per month, which is 46.9% cheaper than the national average of $1,430 and 34.2% cheaper than the state average of $1,020.

Can I afford Crossroads?
To live comfortably in Crossroads (zip 88114), New Mexico, a minimum annual income of $57,240 for a family, and $23,200 for a single person is recommended.

What does A.I. say about Crossroads?
The cost of living in 88114 Crossroads, NM is relatively low compared to many other parts of the US. According to the most recent data from Sperling's BestPlaces, the cost of living index in 88114 is just 84.7, which is significantly lower than the national average of 100. In particular, housing costs are very affordable with a median home value of $94,400 and median rent of only $783 per month. Other staples such as groceries and utilities also tend to be priced lower than the national average. For those looking for an affordable place to call home, 88114 Crossroads is certainly worth considering.
   Cost of living score
     CategoriesCrossroadsNew MexicoUnited States
  79.488.4100.0
  92.693.3100
  88.082.6100.0
  52.984.3100.0
  $298,900$267,100$338,100
  87.5%100.4%100.0%
  74.684.6100.0
  78.785.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime