Housing costs in Encino?
A typical home costs
$200,800, which is 40.6% less expensive than the national average of
$338,100 and 24.8% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Encino costs
$990 per month, which is 2.9% cheaper than the national average of
$1,020 and 15.2% cheaper than the state average of
$1,140.
Can I afford Encino?
To live comfortably in Encino (zip 88321), New Mexico, a minimum annual income of
$38,520 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Encino?
Living in 88321 Encino, NM can be surprisingly affordable. According to BestPlaces's Cost of Living Index, the overall cost of living index in 88321 Encino is 90.2, which is lower than the US average of 100. This means that groceries, healthcare costs, transportation costs and other everyday expenses are generally lower than the national average. The cost of housing is especially affordable since the median home value in 88321 Encino is just $75,500 - far below the national median home value of $214,200. Additionally, the median rent price for an apartment or house in 88321 Encino is just $460 per month – a fraction of what you’d pay in most expensive cities. All things considered, living in 88321 Encino can be an incredibly affordable option.