Housing costs in Espanola?
A typical home costs
$318,000, which is 5.9% less expensive than the national average of
$338,100 and 19.1% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Espanola costs
$1,030 per month, which is 1.0% more than the national average of
$1,020 and 21.4% cheaper than the state average of
$1,250.
Can I afford Espanola?
To live comfortably in Espanola (zip 87567), New Mexico, a minimum annual income of
$60,840 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Espanola?
The cost of living in 87567 Espanola, NM is slightly lower than the U.S. average, making it an attractive option for those seeking to stretch their budget. The median home value in 87567 is $134,400, which is significantly lower than the national median of $231,200. Housing costs are also quite reasonable; the median rent in 87567 is $764 per month compared to the U.S. median of $1,046. Groceries and utilities are also more affordable than the national average; grocery costs are about 4% below the national mean while utilities are about 5% lower. Overall, living in 87567 can be a great way to save money while still enjoying a comfortable lifestyle.