Housing costs in Espanola?
A typical home costs
$264,900, which is 21.7% less expensive than the national average of
$338,100 and 0.8% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Espanola costs
$1,060 per month, which is 3.9% more than the national average of
$1,020 and 24.5% more than the state average of
$800.
Can I afford Espanola?
To live comfortably in Espanola (zip 87532), New Mexico, a minimum annual income of
$50,760 for a family, and
$36,800 for a single person is recommended.
What does A.I. say about Espanola?
Living in 87532 Espanola, NM can be quite affordable. The cost of living index is very low, at 77.1, which is 27% lower than the national average. This means that groceries, housing, utilities, transportation and healthcare costs are all much lower here than other parts of the country. Additionally, the median household income is $31,674 per year, making it an accessible place for those on a budget to call home. With its rural landscapes and proximity to outdoor recreational activities such as hiking and camping in the Santa Fe National Forest, 87532 Espanola is an attractive place to live.