Housing costs in El Rito?
A typical home costs
$242,300, which is 28.3% less expensive than the national average of
$338,100 and 9.3% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in El Rito costs
$770 per month, which is 24.5% cheaper than the national average of
$1,020 and 3.9% cheaper than the state average of
$800.
Can I afford El Rito?
To live comfortably in El Rito (zip 87530), New Mexico, a minimum annual income of
$46,440 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about El Rito?
El Rito, New Mexico is an affordable place to live. The cost of living index for the town is at 88.8, which is 12.2 points lower than the U.S. average. This means that goods and services in El Rito are generally 12.2 percent cheaper than the national average, making it a great place for people who want to live on a budget. Housing is especially affordable with median home values coming in at just over $122,000 compared to the national median home value of $184,700. In addition, utilities, groceries, and healthcare are all much more affordable than the U.S averages as well making El Rito an ideal budget-friendly choice for anyone looking for a new place to call home.